Close Stay up-to-date with
Observer.com Newsletters
Sign up for Observer Newsletters!
RSS Feed
The New York Observer

Cendant Splits

View Story On One Page View Story On One Page Print This Story Print This Story Share This Story Share This Story
October 24, 2005 | 11:07 a.m.

Just a few days after Barbara's big going away party, Cendant Corp. announced it it is splitting the company into four parts. Shares fell nearly 5 percent since word got out this morning. The company's real-estate division, NRT, bought the Corcoran Group in 2001 for $70 million. It recently combined it with the Sunshine Group, which had been purchased 15 years earlier. The real estate powerhouse also owns Century 21, Coldwell Banker, and ERA. -Michael Calderone

Post a Comment The Discussion
Post a Comment
Not a registered user? Register here.
Don't have an Observer.com account? You can use your Facebook account instead.