Cendant Galileo Developments

Cendant Corporation and Galileo International announced that they have been notified by the U.S. Federal Trade Commission that early termination of the Hart-Scott-Rodino waiting period has been granted for the proposed acquisition by Cendant of all of the outstanding common stock of Galileo.
The transaction, which is expected to close in the fall of 2001, remains subject to regulatory approvals outside the United States and the approval of Galileo`s stockholders. The companies continue to pursue all required regulatory approvals. This press release is being filed pursuant to Rule 425 under the Securities Act of 1933 and is deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934. Cendant and Galileo have filed a preliminary proxy statement/prospectus and other relevant documents concerning the proposed merger transaction with the SEC. Investors are urged to read this preliminary proxy statement/prospectus and, when it becomes available, the definitive proxy statement/prospectus and any other relevant documents filed with the SEC because they will contain important information on the proposed transaction. You will be able to obtain the documents filed with the SEC free of charge at the Web site maintained by the SEC at www.sec.gov. In addition, you may obtain documents filed with the SEC by Galileo free of charge by requesting them in writing from Galileo, 9700 West Higgins Road, Suite 400, Rosemont, Ill., 60018, Attention: Investor Relations, or by telephone at (847) 518-4000.
Galileo and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Galileo`s stockholders. A list of the names of those directors and executive officers and descriptions of their interests in Galileo is contained in Galileo`s proxy statement dated April 3, 2001, which is filed with the SEC. Stockholders may obtain additional information about the interests of the directors and executive officers in this transaction by reading the proxy statement/prospectus when it becomes available.