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Non-Tech : Cendant Corporation (NYSE:CD)
CD 5.710-5.3%Dec 26 9:30 AM EST

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To: zyx1996 who wrote (3498)2/14/2000 3:32:00 PM
From: Paul Lee  Read Replies (1) of 3627
 
Cendant Corporation Files for Move.com Group Tracking Stock Initial Public Offering

NEW YORK, Feb. 14 /PRNewswire/ -- Cendant Corporation (NYSE: CD) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the initial public offering of Move.com Group tracking stock.

The shares will be offered through a syndicate led by Goldman, Sachs & Co.

Move.com Group operates a popular network of web sites that offer a wide selection of quality relocation, real estate and home-related products and services. Move.com Group seeks to improve the often stressful and demanding moving experience by providing a one source, "friend-in-need" solution before, during and after the move.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell, or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
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