European Clouds over Cendant's Galileo Deal

The Continent's trustbusters may be considering further review of the travel reservation system's $2.9 billion purchase

Are Cendant Corp. shareholders growing nervous about Henry R. Silverman's latest big deal? Sure looks like it. In June, the real estate and travel giant agreed to pay $2.9 billion to buy Galileo International, the second-largest travel reservation system. But Cendant's stock (CD ) has dipped from a high of $21.53 in mid-July to close at $18.87 on Sept. 4. The drop mirrors investor worries that European regulators may hold up the deal for further review.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.