Jerry Morelock
<snip>
Jerry Morelock
<snip>
Ken
http://gamepad.org/
> Tuesday, January 12, 1999 - 13:58 CST
> Cendant Closes Sale of Consumer Software Division
> Source: Reuters
> Cendant Corp., which franchises hotels, car-rental agencies and real
> estate broker offices, said on Tuesday it had completed the sale of
> Cendant Software and its subsidiaries to French media company Havas SA
> for $800 million cash plus future potential cash payments.
> The sale, which includes Knowledge Adventure, Blizzard Entertainment,
> Davidson & Associates and Sierra On-Line, is part of Cendant's effort
> to sell off its non-core assets, repay debt and repurchase stock.
> Havas is a subsidiary of Vivendi SA.
> Cendant said that during the past 30 days it has received more than
> $1.3 billion of proceeds from asset sales, which it used to repurchase
> stock and reduce debt.
> On Oct. 13 Cendant announced plans to buy back $1 billion of its
> stock. Since then, it has reduced primary shares outstanding by about
> 25 million, the company said.
> Shares of Cendant were down 25 cents at $18.94 Tuesday afternoon.
> --
> * rrevved posts from mindspring dot com *
Did you see Nos out there in never never land...? That Canuck ***
now owe's me so many drinks I will have to join AA.
PAPA DOC
Pierre PAPA DOC Legrand
Pink Flamingo Pilot...
http://www.racesimcentral.net/~plegrand/PINKFLAMINGO.htm
Is this an investment company?
If it is, so much for our simulators :(
-Larry
> Tuesday, January 12, 1999 - 13:58 CST
> Cendant Closes Sale of Consumer Software Division
> Source: Reuters
> Cendant Corp., which franchises hotels, car-rental agencies and real
> estate broker offices, said on Tuesday it had completed the sale of
> Cendant Software and its subsidiaries to French media company Havas SA
> for $800 million cash plus future potential cash payments.
> The sale, which includes Knowledge Adventure, Blizzard Entertainment,
> Davidson & Associates and Sierra On-Line, is part of Cendant's effort
> to sell off its non-core assets, repay debt and repurchase stock.
> Havas is a subsidiary of Vivendi SA.
> Cendant said that during the past 30 days it has received more than
> $1.3 billion of proceeds from asset sales, which it used to repurchase
> stock and reduce debt.
> On Oct. 13 Cendant announced plans to buy back $1 billion of its
> stock. Since then, it has reduced primary shares outstanding by about
> 25 million, the company said.
> Shares of Cendant were down 25 cents at $18.94 Tuesday afternoon.
> --
> * rrevved posts from mindspring dot com *