Cendant Completes Acquisition of Jackson Hewitt for $480 Million in Cash.STAMFORD, Conn. and PARSIPPANY, N.J.--(BUSINESS WIRE)-- Jan. 8, 1998--Cendant Corp. (NYSE NYSE See: New York Stock Exchange :CD) announced today that it has acquired all remaining shares of Jackson Hewitt  An editor has expressed concern that this article or section is .Please help improve the article by adding information and sources on neglected viewpoints, or by summarizing and Inc. by means of a cash merger effective Jan. 7, 1998, completing its previously disclosed acquisition of Jackson Hewitt for approximately $480 million in cash. Jackson Hewitt is the second largest tax preparation service system in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with locations in 41 states. The company franchises a system of approximately 2,050 offices that specialize in computerized preparation of federal and state individual income tax returns. Cendant Corp. is a global provider of consumer and business services, and operates in three principal segments: Membership, Travel and Real Estate Services. In Membership Services, Cendant provides access to travel, shopping, auto, dining, and other services through more than 73 million memberships worldwide. In Travel Services, Cendant is the leading franchisor of hotels and rental car agencies worldwide, the premier provider of vacation exchange services and the second largest fleet management company. In Real Estate Services, Cendant is the world's premier franchisor of residential real estate brokerage offices, a major provider of mortgage services to consumers and a global leader in corporate employee relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. . A pioneer in interactive shopping, Cendant is a major online commerce facilitator, with more than $1 billion in yearly sales through its netMarket(R) and other interactive services. CONTACT: Investor Contact: Laura P. Hamilton Senior Vice President, Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. (203) 965-5114 or Press Contact: Elliot Bloom VP, Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most (973) 496-8414 |
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