NEW YORK Cendant Corp. reported that transactions disclosed yesterday, related to raising $1.278 billion through offerings of Cendant common stock and senior zero-coupon convertible notes, are expected to be accretive to earnings per share in 2001.
Accordingly, the company raised its projected adjusted earnings per share from continuing operations for 2001 from $0.93 to $0.95. The second quarter forecast was raised by $0.01 from $0.25 to $0.26 per share and the second half of the year will also benefit by $0.01 per share. (2/8/01)