Friday February 11, 12:40 pm Eastern Time
Company Press Release
SOURCE: Cendant Corporation
Cendant Corporation Announces Date of Special Meeting of
Shareholders Regarding Move.com Tracking Stock
NEW YORK, Feb. 11 /PRNewswire/ -- Cendant Corporation (NYSE: CD - news) today announced that a special meeting of shareholders will be held on
March 21, 2000. The record date for the determination of shareholders entitled to receive notice of, and vote at, the meeting is January 24, 2000.
The primary purpose of the meeting will be to amend and restate the Company's certificate of incorporation to authorize a new series of Cendant common
stock intended to reflect the performance of Move.com Group, the Company's relocation, real estate, and home-related services portal; to propose the
declassification of Cendant's Board of Directors; and to propose a new Move.com stock option plan.
A more detailed description of the matters to be discussed at the special meeting are included in a definitive proxy statement that was filed with the Securities
and Exchange Commission on February 10, 2000.
Cendant Corporation is a global provider of real estate, travel and direct marketing related consumer and business services. The Company's core
competencies include building franchise systems, providing outsourcing solutions and direct marketing. As a franchisor, Cendant is among the world's leading
franchisors of real estate brokerage offices, hotels, rental car agencies, and tax preparation services. The Company's real estate-related operations also
includes Move.com, Cendant's residential real estate services portal on the Internet. As a provider of outsourcing solutions, Cendant is a major provider of
mortgage services to consumers, the global leader in employee relocation, and the world's largest vacation exchange service. In direct marketing, Cendant
provides access to insurance, travel, shopping, auto, and other services primarily to customers of its affinity partners. Other business units include NCP, the
UK's largest private car park operator, and WizCom, an information technology services provider. Headquartered in New York, NY, the Company has
approximately 30,000 employees and operates in over 100 countries.
More information about Cendant, its companies, brands and current SEC filings may be obtained by visiting the Company's Web site at
cendant.com or by calling 877-4INFO-CD (877-446-3623).
SOURCE: Cendant Corporation |
