SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Form 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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AUGUST 23, 2002 (AUGUST 22, 2002)
(DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED))
CENDANT CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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DELAWARE 1-10308 06-0918165
(STATE OR OTHER JURISDICTION (COMMISSION FILE NO.) (I.R.S. EMPLOYER
OF INCORPORATION OR IDENTIFICATION
ORGANIZATION) NUMBER)
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9 WEST 57TH STREET
NEW YORK, NY 10019
(ADDRESS OF PRINCIPAL EXECUTIVE (ZIP CODE)
OFFICE)
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(212) 413-1800
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
NONE
(FORMER NAME, FORMER ADDRESS AND FORMER FISCAL YEAR, IF APPLICABLE)
Item 5. Other Events
EXCEPT AS EXPRESSLY INDICATED OR UNLESS THE CONTEXT OTHERWISE REQUIRES,
"CENDANT", "WE", "OUR", OR "US" MEANS CENDANT CORPORATION, A DELAWARE
CORPORATION, AND ITS SUBSIDIARIES.
On August 22, 2002, we announced that we entered into a definitive
agreement to acquire substantially all of the assets of Budget Group, Inc. for
$107.5 million in cash plus payment of certain transaction related expenses and
assumption of certain contracts and trade payables. In addition, one of our
subsidiaries will assume approximately $2.7 billion in non recourse asset-backed
vehicle related debt. Budget Group is the third largest general car and truck
rental company in the United States. A copy of the press release announcing our
agreement to acquire Budget Group is attached as Exhibit 99 to this Form 8-K and
is incorporated by reference herein.
Item 7. Exhibits
See Exhibit Index.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CENDANT CORPORATION
BY: /S/ ERIC J. BOCK
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Eric J. Bock
Executive Vice President
and Corporate Secretary
Date: August 23, 2002
CENDANT CORPORATION
CURRENT REPORT ON FORM 8-K
REPORT DATED AUGUST 23, 2002 (AUGUST 22, 2002)
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99 Press Release issued by Cendant Corporation on August 22,
2002, announcing its agreement to acquire Budget Group.