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by CareyBot

Cendant Corp. remains on track to spin off its four businesses into independent publicly traded entities during the second and third quarters of this year, the company's chairman and chief executive, Henry Silverman, said Tuesday, according to reports. During the company's investor day conference, Silverman said he doesn't anticipate any delays or roadblocks, barring some unforeseen external event, CBS MarketWatch reported. "Obviously if the market shuts down for, say, bird flu or the SEC review process is elongated, hypothetically we could be delayed, but we don't expect either of these," Silverman said, according to reports. Silverman said the company has analyzed thousands of contracts, relationships, systems and people to make sure the new companies will be fully functional on the day...