Essay on Cendant Corporation - 751 Words.
Cendant will split next year into four firms focused on real estate, travel distribution, hospitality and car rentals. The company is set to report a 21% drop in earnings per share.
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Cendant Corporation (1997-98) The company was formed in 1997 following a merger of two companies: Hospitality Franchise Systems, Inc. (HFS) and CUC International Inc. Barely three months after the merger, there were reports of accounting anomalies. It was observed that around USD 640 billions in profits recorded over the last three years were.
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