Guess they overpaid!

Cendant to take $1 bln charge for Travelport sale

Cendant said on Tuesday it expects to record a non-cash impairment charge of more than $1 billion during the second quarter of 2006 related to the sale of Travelport, its travel services division.

and that’s the penalty for buying assets at overvalued prices and then not integrating them fast and determined enough to get the benefit of those often touted synergies from these acquisitions. Ever so often they’re just not there.

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