Dealing for Gulfstream

Article Abstract:

General Dynamics has acquired Savannah, GA-based corporate jet manufacturer Gulfstream Aerospace for $4.6 billion under a stock swap agreement. Gulfstream shareholders will receive one share of General Dynamics for each of their shares under the deal, which still needs approval from shareholders and regulators. The acquisition comes at a time of increasing demand for corporate jets, which the National Business Aircraft Association says are being used by about 60% of Fortune 500 companies.

Aircraft Manufacturing, Standard Jet, Jet airplanes, Gulfstream Aerospace Corp.

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No vagrancy: Hotel Reservations expands

Article Abstract:

Hotel Reservations Network is buying competitor TravelNow.com for $47.4 million. The acquisition allows Hotel Reservations to offer discounted hotel rooms on 16,000 Web sites and expand its booking services to include TravelNow's air and rental car options. The company buys hotel rooms from 2,100 hotels located in 85 cities around the world, selling them at 65% lower than the published hotel rates. Hotel Reservations has $130 million in cash and no debt.

All Other Travel Arrangement and Reservation Services, Hotel Reservation Services, Hotel reservations, TravelNow.com

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Cendant ready to rule reservations

Article Abstract:

Cendant, a travel and real estate franchiser, is in negotiations to buy computer reservation system Galileo International. The deal is valued at approximately $2.9 billion in cash and stock, valuing Galileo at $33 a share. At the same time, Cendant appears to be talking to Worldspan, another major computerized reservation system. The company, still struggling to overcome an accounting scandal that rocked it in 1998, has been on the acquisition trail.

Travel Agencies, Travel Agents, Galileo International Inc.

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