Thursday, December 16, 2004

More details re Cendant

eyefortravel.com

"GTA will form part of Cendant’s Travel Distribution Services (TDS) division and will be run as a separate entity within the division. It is anticipated that key management of Gullivers, including David Babai, chairman, will remain with the company in similar capacities for a period of time...

...The transaction is subject to certain regulatory filings and is anticipated to close in April 2005."

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