Galileo International Stockholders Approve Proposed Merger with Cendant

Galileo International, Inc. (NYSE: GLC) today announced that its stockholders have approved its proposed merger with Cendant Corporation (NYSE: CD).

At the Galileo special meeting of stockholders held today in Rosemont, Ill., the company announced that 64,263,634 shares of Galileo common stock were voted in favor of adoption of the merger agreement and 42,226 shares were voted against the adoption of the merger agreement. The shares voted in favor represent approximately 99 percent of the shares voted at the meeting and approximately 73 percent of the outstanding shares of Galileo common stock. In order to be adopted, the merger agreement required the approval of at least a majority of the total number of outstanding shares of Galileo common stock on the record date of July 23, 2001. Completion of the merger, which is expected to occur in September of 2001, remains subject to regulatory approvals outside the United States and other customary closing conditions.