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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 ...
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 ...
Avis Budget Group, Inc. is an American car rental agency holding company headquartered in Parsippany, New Jersey.It is the parent company of several brands including Avis Car Rental, [3] Budget Rent a Car, [4] Budget Truck Rental, Payless Car Rental, and Zipcar.
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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 .
Ozy Media founder Carlos Watson was sentenced on Monday to nearly 10 years in prison, after a jury found him guilty in July of lying to investors about the now-defunct startup's finances and sham ...
(The Center Square) – IRS whistleblowers Gary Shapley and Joseph Ziegler say a judge should not dismiss their defamation lawsuit against Hunter Biden attorney Abbe Lowell. The lawsuit, filed in ...
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 ...