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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: ACEINVESTOR who wrote (2199)	10/14/1998 11:29:00 AM
From: NewsTrader	Respond to of 3627

(NewsTraders) -- Cendant Corp. (CD) agreed to refrain from taking any actions or making any statements that are intended to "frustrate or delay any business combination" between American Bankers Insurance Group (ABI) and a third party, according to an amended tender offer statement. The agreement comes on the heels of the two companies terminating their merger agreement, and may be an indication that American Bankers is still shopping itself around to third parties. As reported, Cendant has also agreed to make a cash payment to American Bankers in the amount of $400 million.