US online travel operator Expedia announced plans Thursday to buy rival Orbitz Worldwide for about $1.6 billion, in a move that further consolidates the sector. Expedia will pay $12 in cash for each Orbitz share, in the takeover approved by the companies' boards of directors. Dara Khosrowshahi, Expedia’s chief executive, said the deal is part of a strategy “to own and power the very best travel ...
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CINCINNATI, July 1, 2013 /PRNewswire/ -- Phillips Edison–ARC Shopping Center REIT Inc. (the "Company") today announced that it has acquired four (4) grocery-anchored shopping centers at an aggregate ...
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