Just bought this at 64.75 pence,feel free to comment..

Cendant the owner of the Avis brand 14 March press release




Press Releases
Corporate

CENDANT ANNOUNCES DIVISION MANAGEMENT CHANGES AS COMPANY NEARS COMPLETION OF STRATEGIC REALIGNMENT
New York 03-14-2005 -- Cendant Corporation (NYSE:CD) today announced that the Company's previously disclosed strategic realignment and disposition of several non-core business units will result in the streamlining of its division management structure and changes in reporting relationships.


In keeping with the Company's strategic realignment, Cendant will operate within two vertical marketsTravel and Real Estate. The Real Estate Services Division will continue under the leadership of Richard A. Smith, chairman and CEO of that division. The Company's Travel segment will comprise two integrated groupsTravel Content and Travel Distribution. Stephen P. Holmes, chairman and CEO of Cendant's Hospitality Services Division will be responsible for Travel Content, which includes the Hotel Group, Timeshare Resort Group, Vacation Exchange Group, Vacation Rental Group and Cendant Car Rental Group. Samuel L. Katz, chairman and CEO of the Travel Distribution Services Division will oversee Travel Distribution, which includes Agency Services, Consumer Travel, Corporate Travel Solutions and Supplier Services. As a result of the expected disposition of the Company's Marketing Services Division in the third quarter of 2005, the Company will disaggregate its Europe, Middle East and Africa (EMEA) headquarters in London, and the functions provided by this office will be subsumed by Cendant's U.S-based Corporate Group and/or operating units based in the UK.

Accordingly, Kevin M. Sheehan, chairman and chief executive officer, Vehicle Services Division and Scott Forbes, senior executive vice president of Cendant EMEA will be leaving the Company.

Cendant's Chairman and CEO, Henry R. Silverman, stated: "The recent dispositions of our non-core business units, including our tax preparation, mortgage, fleet management and fuel card management units, and the pending sale of Marketing Services, will position Cendant as a pure play travel and real estate company. As part of the realignment, we are compelled to streamline our management reporting structure to be more in line with the long-term operating structure of the Company.

"Kevin Sheehan has been a trusted advisor and strategic partner for more than 20 years and has played an important role in the evolution of Cendant. Kevin took the helm at Avis Group as president in 1999 following its initial public offering, and later served as Cendant's CFO after Avis was brought back into the Cendant fold in 2001. Given the depth of his experience at Avis, Kevin assumed responsibility for the Company's Vehicle Services Division upon the acquisition of Budget in 2003. Under Kevin's stewardship, we have surpassed all expectations for synergy creation through the successful integration of Budget, substantially increased the services portion of our Fleet business, and drove the growth of Wright Express, which culminated in Cendant receiving approximately $1 billion of proceeds in connection with its disposition through a public offering this past month. With the recent spin-off of PHH and sale of the Company's fuel card management business, Kevin and I together concluded that his work at Cendant is substantially complete. I am confident that Kevin's diverse leadership experiences and noteworthy accomplishments at Cendant will enable him to realize his ultimate goal of leading a large public company on his own.

"Scott Forbes has made invaluable contributions to Cendant's achievements during his fifteen years from the inception of HFS through our Company's recent transformation. As one of my earliest senior executives, Scott played an important leadership role in HFS' formative years and the creation of Cendant, culminating in his appointment as Chief Accounting Officer. He later identified the opportunity and agreed to lead Cendant's operations in EMEA at its nascent stage. In this capacity, Scott served as the senior corporate executive outside the United States and was responsible for the transformation of NCP and Green Flag into thriving businesses that ultimately generated more than $1.6 billion of combined proceeds upon disposition. He was also responsible for forming our Vacation Rental Group in 2001, and successfully implemented its acquisition strategy to make it the industry's global leader with more than $1 billion of annual rental value. As a result of Scott's efforts, our operating divisions have reached considerable scale in EMEA and he believes that his work is substantially complete. I am grateful for his dedication to Cendant and for the value he has created for our shareholders.

"Both Kevin and Scott will be sorely missed by all of us at Cendant, and I wish them much success as they pursue opportunities outside of the Company."

As a direct result of its strategic realignment and disposition of non-core businesses, Cendant also announced that it expects to implement changes in the Company's segment reporting structure with respect to its Travel Content group for financial reporting purposes effective with its first quarter 2005 earnings release. Travel Content will contain three segments: Hospitality, Timeshare Resort and Vehicle Rental. The Company expects to re-format its 2005 guidance consistent with its new segment reporting during the next several weeks.

About Cendant
Cendant is primarily a provider of travel and residential real estate services. With approximately 80,000 employees, New York City-based Cendant provides these services to businesses and consumers in over 100 countries.


Media Contacts:
Elliot Bloom
(212) 413-1832

Kelli Segal
(212) 413-1871

Investor Relations:
Sam Levenson
(212) 413-1834

Henry A. Diamond
(212) 413-1920

This is bound to have an impact on bid speculation for Ave as the new Cendant organisation takes shape

Come on its been along time coming but may be ,,just may be there could be an offer.

could be intersting...something is clearly happening here. a six month chart for you that you (dave) may want to post at the start of the thread.


as a reminder from the 24 Feb 2005


D'Ieteren incoming CEO 'happy' with Avis stake, has long-term vision for Avis
AFX


BRUSSELS (AFX) - D'Ieteren Trading BV incoming chief executive Jean-Pierre Bizet quashed rumours that a sale of its subsidiary Avis Europe is on the cards, saying he is 'happy' with the current stake and has a long-term vision for the group.

Bizet said: 'We have a long-term vision for Avis. We are trying to be a good parent company.'

He denied reports that the company has been in discussions with Barloworld with a view to selling Avis. 'We don't know what fuelled these rumours,' he said.
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looking at the chart with moving averages this is even more compelling...

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stake building?

Avis Europe PLC
19 April 2005




19 April 2005

Avis Europe plc ('the Company')

The Board of Directors of Avis Europe plc received notification on 18 April
2005, pursuant to sections 198 - 202 of the Companies Act 1985, that Franklin
Resources, Inc. and its affiliates, which includes Franklin Mutual Advisers LLC
and Templeton Worldwide, Inc. and its affiliates, now hold 35,401,021 ordinary
shares in the Company representing 6.0433% of its issued ordinary share capital.

Enquiries:

Judith Nicholson

Company Secretary

Tel: 01344 426644

they have bought approx 5 million share since the 11th of march...apprears they are still adding.

Interestingly
The average price paid for the previous Franklin holding is around 72p which is just above what they must have paid to add 5m shares since 11 March 05
They must be banking on significant SP growth from now on

Franklin are based in New York

so somebody in the office is responsible for Cendant analysis........

very possibly and like the way you joined those dots!

of all the possible buyers Cedant are certainly the ones wih an inside track. all looks interesting.

Looks good prop and can only get better , cheers dave.

big rolls today...good to see the volume stay up there

stock going through at 75.25!!!!!!!!!!!!!!!!

not alot but it almost looked like a fast market!

Have you guys got a price target to sell at here or holding for some type of takeover? Seems Fidelity have increased their holding.

Avis Europe PLC
22 April 2005


22 April 2005


Avis Europe plc ('the Company')

The Board of Directors of Avis Europe plc received notification on 21 April
2005, pursuant to sections 198 - 202 of the Companies Act 1985, that Fidelity
International Limited (FIL) and its direct and indirect subsidiaries, being
non-beneficial holders, now hold 46,932,035 ordinary shares in the Company
representing 8.01% of its issued ordinary share capital.

Enquiries:

Judith Nicholson
Company Secretary
Tel: 01344 426644




This information is provided by RNS
The company news service from the London Stock Exchange

80 pence a share will do me gav,,no point being greedy.

Avis Europe Parent Co are D`Ieteren with 60% ownership Fidelity & Franklin having a further 14% This leaves free market shares of 152M
Large parcel purchases since 4 Jan 05 suggest a further 60M shares are in the hands of Funds with under 3% each
The market in the residual shares is short of stock and hence disproportionately sensitive to relatively small fluctuations in volume
D`Ieteren are negotiating the purchase of Elite Autoglass and Glaspro Inc of Colorado thru their subsidiary Belron.The deal should be completed end April
This gives Belron access to the US auto glass market for the first time
Meanwhile Avis Inc and Avis brand owner Cendant is a massive multi national in the leisure business ( hotels timeshares etc) Avis Inc successfully exploit the Avis brand in the USA but not in Europe or Asia
Cendant recently announced a reorganisation in which they are integrating Avis Inc into the rest of their leisure businesses to optimise global costs and marketing opportunities
Avis Europe have not performed well since being acquired by D`Ieteren in 2002 at around 100p/share and disposal would suit them particularly if it also brought the sweetener of side deals with Cendant which aided the Belron US launch
Avis will announce a trading update in mid May 05
Around this time or within a few months thereafter with the Belron acquisition is out of the way would be a good time for D`Ieteren to announce sale of Avis Europe to Cendant
Depending on the trading update..
Minimum sale price to enable D`Ieteren to retrieve their original investment ..100p
Minimum sale price to enable Fidelity and Franklin to retrieve their original investment ..90p

nice post cheers. makes a change to the usual i babble on about on this thread!

so you are of the belief these will be taken out it take it.

i have been watching the story unfold very closely and think the same, but i think it will be an internal buy-out team headed by the new UK MD. just a feeling because he is ex-Bain and meant to be hot and you never give up a Bain partnership unless there is a mighty big carrot being dangled.

loving all the volume...even if it is rolls it shows some interest in this beauty!

Cheers guys for sharing your thoughts.

even more volume...

Another day when biggish parcels are changing hands with negligible impact on price
This may be negotiated deals simply being processed thru the system............
Could also be be transfers from nominee to nominee to keep below the 3% ownership level to avoid a declaration..........
Over the last few weeks the true AVE market only seems to operate when the big boys are`n`t in play and deals are averaging well under 10000 shares and volume is below 400k.........

Autoglass acquisition in USA completed by Belron last week and out of the way
for D`Ieteren......
EGM called to tidy up Avis accounts........formality given ownership structure
Cendant progressing integration of Avis Inc and leisure businesses in North America and will soon be ready to address potential savings in Europe and Asia
assuming they can do a deal with D`Ieteren to acquire AVE or at very least secure cooperation in exchange for share of savings.....
Only issue outstanding is latest AVE trading update due end May......which must be going in the right direction as recent increase in Fidelity and Franklin holdings suggest the inside track is providing positive vibes

Plenty of big parcel buyers around when sp drops below 70p suggesting AT buy orders in pipeline from funds
Conclusion
Looking good for next leap forward in sp

80p by mid June ??