Industry News

Cendant board approves mortgage, fleet spin-off

Subsidiary to go public on Feb. 1
Published on Jan 6, 2005

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by CareyBot

Cendant Corp. announced today that its board of directors has approved the spin-off of Cendant mortgage and fleet businesses. The spin-off was first announced in October. All of the shares of Cendant’s PHH Corp. subsidiary will be distributed to Cendant ...