Filed by Cendant Corporation
Commission File No. 1-10308
Pursuant to Rule 425 under
the Securities Act of 1933
Subject Company: Galileo International, Inc.
Commission File No. 333-64738
THIS DOCUMENT IS BEING FILED PURSUANT TO RULE 425 UNDER THE SECURITIES ACT
OF 1933 AND IS DEEMED FILED PURSUANT TO RULE 14a-12 UNDER THE SECURITIES
EXCHANGE ACT OF 1934. CENDANT AND GALILEO HAVE FILED A PROXY
STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS CONCERNING THE PROPOSED
MERGER TRANSACTION WITH THE SEC. INVESTORS ARE URGED TO READ THIS PROXY
STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ON THE PROPOSED
TRANSACTION. YOU WILL BE ABLE TO OBTAIN THE DOCUMENTS FILED WITH THE SEC
FREE OF CHARGE AT THE WEB SITE MAINTAINED BY THE SEC AT WWW.SEC.GOV. IN
ADDITION, YOU MAY OBTAIN DOCUMENTS FILED WITH THE SEC BY GALILEO FREE OF
CHARGE BY REQUESTING THEM IN WRITING FROM GALILEO, 9700 WEST HIGGINS ROAD,
SUITE 400, ROSEMONT, ILL, 60018, ATTENTION: INVESTOR RELATIONS, OR BY
TELEPHONE AT (847) 518-4000.
GALILEO AND ITS DIRECTORS AND EXECUTIVE OFFICERS MAY BE DEEMED TO BE
PARTICIPANTS IN THE SOLICITATION OF PROXIES FROM GALILEO'S STOCKHOLDERS. A
LIST OF THE NAMES OF THOSE DIRECTORS AND EXECUTIVE OFFICERS AND
DESCRIPTIONS OF THEIR INTERESTS IN GALILEO AND THIS TRANSACTION ARE
CONTAINED IN THE PROXY STATEMENT/PROSPECTUS DATED JULY 25, 2001 FILED BY
CENDANT AND GALILEO WITH THE SEC.
TRAVEL PORTAL, INC. AND GALILEO INTERNATIONAL SIGN MULTIFACETED
AGREEMENT TO ACCELERATE AND STRENGTHEN PORTAL LAUNCH
Galileo to provide global distribution services
July 26, 2001, Parsippany, NJ and Rosemont, IL - Travel Portal, Inc., an
affiliate of Cendant Corporation (NYSE:CD), today announced that it has
signed an agreement with Galileo International (NYSE:GLC) for Galileo's
Website subsidiary, TRIP.com, to provide consulting services, technology
expertise, and functionality for the development of Travel Portal, Inc.'s
travel Website. By utilizing the back-end infrastructure and development
team from Galileo and TRIP.com, Travel Portal, Inc. expects to accelerate
the release of the Website to the public and realize a multi-million dollar
cost savings during the development process. Upon the close of the Galileo
acquisition, Travel Portal, Inc. will operate under the TRIP.com URL and
relaunch a new site under the TRIP.com brand during the fourth quarter of
2001.
The agreement with TRIP.com, which is at arm's length and not conditioned
upon the close of Cendant's acquisition of Galileo, enables Travel Portal,
Inc. to provide many unique products at the initial launch of its site.
Three key features include: flightTRACKER, which allows users to identify
and track a flight in progress; a mapping and direction feature; and
ViewTrip, which helps users create a travel itinerary filled with
reservations, confirmation numbers, local information, attractions, and
coupons, along with any other information needed for their trip.
"By utilizing the existing infrastructure and resources of Galileo and
TRIP.com, we are significantly improving our delivery timeframe,
streamlining our system and data integration process, and minimizing our
on-going maintenance costs. This will allow us to put even more dollars
into marketing and acquiring additional customers," said Jacob Stepan,
chief operating officer of Travel Portal, Inc.
"This agreement provides significant financial benefits to both parties and
is a testament to TRIP.com's talented people and leading-edge technology,"
said TRIP.com CEO Mark Mastrini. "In addition, by providing global
distribution services to what promises to be a leading online travel
services provider, we expect to significantly enhance Galileo's share of
travel business on the Internet."
Using the TRIP.com infrastructure will allow Travel Portal, Inc. to quickly
create enhanced private-label sites for Cendant's hotel brands, RCI and
Avis. The brand sites will maintain their own identity, but will be
supported by TRIP.com's powerful back-end booking engine. The added
functionality from TRIP.com will allow consumers to book other travel
products from the brand sites; for example a consumer will be able to book
air and car reservations directly from a Cendant hotel site.
About Travel Portal, Inc.
Travel Portal, Inc., an affiliate of Cendant Corporation, is a soon to be
launched Internet portal which will offer a broad range of travel related
services. As a network of leading travel brands, Travel Portal Inc. places
the individual user at the center of the travel planning and booking
process by matching individual interests and needs with customized travel
products and services. In addition to offering Cendant's renowned travel
brands, including Days Inn, Ramada, Avis and RCI, Travel Portal, Inc. will
provide full service travel options including air, car, accommodations,
vacation package and cruise offers from a broad range of travel providers.
Providing personalized travel options, detailed destination information and
advanced reservation booking technologies, Travel Portal Inc. will
integrate and enhance the online efforts of Cendant's hospitality and car
rental brands.
About Galileo International, Inc.
Galileo International is a diversified, global technology leader. Its core
business is providing electronic global distribution services for the
travel industry through its computerized reservation systems, leading-edge
products and innovative Internet-based solutions. Galileo is a value-added
distributor of travel inventory dedicated to supporting its travel agency
and corporate customers and, through them, expanding traveler choice. Among
Galileo's subsidiaries are TRIP.com, an award-winning online travel service
and technology provider; and Quantitude, which delivers advanced
telecommunications services and enterprise networking solutions. Galileo
also offers secure, flexible and cost-effective managed hosting services.
Headquartered in Rosemont, Illinois, USA, Galileo International has offices
worldwide and operates a state-of-the-art data center in Greenwood Village,
Colo., USA. Visit www.galileo.com.
This document is being filed pursuant to Rule 425 under the Securities Act
of 1933 and is deemed filed pursuant to Rule 14a-12 under the Securities
Exchange Act of 1934.
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Contacts:
Travel Portal, Inc. Galileo
Laurie Quinn Andrea Steffy
212-413-1858 847-518-4973