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AMERICAN CENDANT CORP. HAS COORDINATED THE TRANSACTION ON PURCHASE GALILEO

				
				
				
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AMERICAN CENDANT CORP. HAS COORDINATED THE TRANSACTION ON PURCHASE GALILEO
INTERNATIONAL INC. FOR APPROXIMATELY 2,9 MLRD DOLLARS
      Moscow, on June, 18th. A/PRIME-TASS/. American company Cendant
Corp., owning a network of hotels and points of a car rent,
Has co-ordinated the transaction on purchase of 2nd on size in the company world on
To booking of tickets and hotels, American Galileo International
Inc. For approximately 2,9 mlrd doll a ready cash and in actions. About it
Informs CNN.
      Thus Cendant namerena to expand the business on rendering
Services to travellers.
      On conditions of transaction Cendant will pay an equivalent 33 doll for everyone
Action Galileo. 80,5 percents of actions Galileo will be obmeneny on the action
Cendant, and the remained 19,5 percents will be redeemed.
      In the last target boards of directors of both companies have approved
The transaction.
//* an information Source: the Prime-TASS (vecher.vyp), 18.06.01
//* Reg. Nom. - 1110600208.89-------------------------------------------