Travelport Plans Orbitz IPO
MAY 11, 2007. Orbitz Worldwide has filed a registration statement with the Securities and Exchange Commission for the sale by Travelport of a portion of its ownership interest in Orbitz Worldwide in a planned initial public offering.
Orbitz Worldwide will not receive any proceeds from the offering. Morgan Stanley & Co. Incorporated, Goldman, Sachs & Co., Lehman Brothers Inc. and J. P. Morgan Securities Inc. are serving as joint book-running managers of the offering. The initial public offering is expected to take place in the third quarter of 2007.
A registration statement relating to the shares of Orbitz Worldwide common stock has been filed with the Securities and Exchange Commission but has not yet become effective. The shares of Orbitz Worldwide common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the shares of Orbitz Worldwide common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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