Travel, hotels and real-estate services company Cendant Corp. on Monday said it would break itself up into four companies, reversing more than a decade of expansion through dozens of acquisitions.
Cendant, the New York-based owner of Avis car rental, online travel agency Orbitz and the Century 21 real-estate brand, said the breakup was aimed at boosting the value of its stock, which has been a laggard since 1997, when HFS Inc. merged with CUC International to create Cendant.
