Cendant Corp. officials today announced they are considering a delay in the spin-off of Realogy, its real estate division, until July. The announcement comes a week after officials said that "Realogy common stock would begin trading on the New York Stock Exchange on a 'when issued' basis in mid-June and as a separate public company by the end of June." The company "is exploring the possibility of simultaneous spin-offs of its Realogy Corp. and Wyndham Worldwide Corp. subsidiaries in mid-July, instead of spinning off those companies at different times as previously contemplated," according to today's announcement. Cendant's Real Estate Services Division, which will become Realogy Corp. upon completion of its spin-off from Cendant, is the world's largest residential real estate brokerage f...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.