Industry News

Cendant’s sale of Travelport will slash Realogy’s debts

Cendant board approves spin-off of Realogy, Wyndham units
Published on Jul 14, 2006

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by CareyBot

Cendant Corp. is moving forward with a spin-off its Realogy Corp. and Wyndham Worldwide Corp. subsidiaries, and will relieve the companies of much of their indebtedness through the sale of its Travelport unit. Cendant Corp.’s board Thursday approved the spin-offs ...