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Orbitz Worldwide Inc Announces Sale Of Portion Of PAR Capital Management's Orbitz Worldwide Holdings

Tuesday, 13 Aug 2013 07:00am EDT 

Orbitz Worldwide announced that PAR Capital Management has sold 8.1 million of its 24.6 million shares of Orbitz Worldwide stock. PAR has been an equity investor in Orbitz since 2007 and subsequently acquired additional shares in November 2009 in a debt for equity exchange. After this sale, PAR will remain one of the investors in Orbitz Worldwide, and Orbitz Worldwide will remain one of the positions in PAR's investment portfolio. 

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11 Jul 2014