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In June 2004, Cendant sold Jackson Hewitt for $638 million through an initial public offering. [47] In January 2005, Cendant spun off its mortgage and fleet management businesses as PHH Corporation. [48] [49] The next month, Cendant sold its Wright Express division, a provider of fleet cards, for $1.03 billion through an initial public offering ...
On February 1, 2005, as a result of a Cendant spin-off, PHH began operating as an independent, publicly traded company under the stock symbol NYSE: PHH. On July 1, 2014, all issued and outstanding equity interests in their Fleet Management Services business and related fleet entities were sold to Element Financial Corporation , for a purchase ...
Henry R. Silverman (born August 1, 1940) is an American entrepreneur and private equity investor. Silverman is best known for his role in building Cendant Corporation into a multibillion-dollar business services company that provided car rentals, travel reservation services as well as real estate brokerage services and was also the largest franchisor of hotels globally.
10 Things You Should Know About the New Appraisal Rules. Sheree R. Curry. Updated July 14, 2016 at 5:59 PM. ... in the form of middlemen known as appraisal management companies, they hope to ...
In 2005, Cendant split off all but its car rental interests into separate companies. Realogy was formed to group its real estate activities; shares in the new company were distributed to existing Cendant shareholders. [3] In late 2006, it was bought for $6.65 billion, plus debt and other liabilities, by Apollo Global Management, a private ...
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In August 1997, Cendant and Apollo Management formed the current company – NRT LLC. The joint venture operation was established to allow greater acquisition growth. [ 2 ] Acquisitions were subsequently made in 1997 in Northern and Southern California as well as in Cincinnati , Ohio .
The Star-Telegram requested a copy of Massey’s personnel file on Nov. 15. Two days later, on Nov. 17, Massey resigned from TAD employment after more than 13 years of service.
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