Cendant to split into four companies

10/24/2005 | CNN

Cendant has announced plans to split into four companies in a bid to boost its stock price. The company, which owns Avis car rental, online travel agency Orbitz and Century 21 real estate brand, says its shareholders would hold 100% of the resulting four yet-to-be-named companies, which will specialize in car rentals, online travel, hotels and real estate.

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