Cendant Corp.'s board of directors approved the break-up of the company into four standalone, publicly traded "pure-play" companies with the Cendant name disappearing. Orbitz, the online travel site, and the Galileo GDS will be part of the as-yet-unnamed Travel Network company, which will maintain its headquarters at Cendant's New York City office. The unit will be headed by current Cendant Chairman and CEO Harry Silverman. Companies within the Travel Network group represent 18%-20% of ...

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