Key Developments: Orbitz Worldwide Inc (OWW.N)

OWW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Expedia Inc to acquire Orbitz Worldwide
Thursday, 12 Feb 2015 08:05am EST 

Expedia Inc:Enters into a definitive agreement under which it will acquire Orbitz Worldwide, Inc, including all of Orbitz Worldwide's brands, for $12.00 per share in cash, representing an enterprise value of about $1.6 bln.Premium of about 29 pct over the volume weighted average share price for the five trading days up to and including Feb. 11.  Full Article

Skiplagged and Orbitz Worldwide Inc agree to terms to settle lawsuit
Monday, 9 Feb 2015 05:52pm EST 

Orbitz Worldwide Inc:Internet travel site Skiplagged and Orbitz Worldwide have agreed to terms that will settle litigation filed by Orbitz, under which Skiplagged will not redirect traffic to Orbitz.com and other Orbitz Worldwide websites.Says in addition, Skiplagged agreed not to use Orbitz Worldwide brands, logos, trademarks, images or other copyrighted materials on the Skiplagged website or mobile apps.Under the settlement agreement, neither party admitted wrongdoing.The agreement removes Orbitz Worldwide from litigation it jointly filed with United Airlines against Skiplagged on Nov. 17, 2014 relating to Skiplagged's publication of airline hidden-city price and route information.Orbitz joined in the litigation after Skiplagged declined a request to disable hidden-city booking links to Orbitz, which Orbitz believed posed contractual risks for the company relating to supplier agreements with certain airlines and infringed Orbitz' trademarks.  Full Article

Orbitz Worldwide Inc reaches agreement with American Airlines
Friday, 29 Aug 2014 03:58pm EDT 

Orbitz Worldwide Inc:Reaches an agreement with American Airlines to continue to offer American Airlines and US Airways flights on all of sites.Consumers should see all available flights immediately.All tickets previously purchased on Orbitz Worldwide sites remain valid.  Full Article

Orbitz Worldwide Inc gives Q3 2014 outlook in line with analysts' estimates; raises FY 2014 revenue outlook, raises high end of prior EBITDA outlook-Conference Call
Thursday, 7 Aug 2014 10:00am EDT 

Orbitz Worldwide Inc:Expects Q3 2014 net revenue between $249 and $254 million.Q3 2014 adjusted EBITDA between $41 and $46 million.FY 2014 net revenue growth between 9 pct and 11 pct year over year.FY 2014 adjusted EBITDA growth between 7 pct and 10 pct year over year.Q3 2014 revenue of $243 million and EBITDA of $46 million - Thomson Reuters I/B/E/S.Reported revenue of $847.00 million and EBITDA of $143.57 million in FY 2013.FY 2014 revenue of $919 million and EBITDA of $157 million - Thomson Reuters I/B/E/S.  Full Article

Orbitz Worldwide Inc announces pricing of secondary common stock offering by selling stockholder
Thursday, 17 Jul 2014 09:14am EDT 

Orbitz Worldwide Inc:Pricing of an underwritten public offering of 34 mln shares of its common stock by an affiliate of Travelport Limited.Underwriter has 30-day option to purchase up to an additional 5 mln shares from Selling Stockholder.Orbitz Worldwide will not receive any proceeds from offering.Offering is scheduled to close on July 22 subject to customary closing conditions.Credit Suisse Securities (USA) LLC is serving as the sole book-running manager.Credit Suisse Securities (USA) LLC may offer the shares of common stock from time to time for sale in one or more transactions on New York Stock Exchange, in over-the-counter market.Says through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.Offering of securities is made only by means of a written prospectus and related prospectus supplement, which together will form a part of Orbitz Worldwide's effective registration statement.  Full Article

Orbitz Worldwide announces secondary common stock offering by selling stockholder
Wednesday, 16 Jul 2014 04:01pm EDT 

Orbitz Worldwide Inc:Announces an underwritten public offering of 20 million shares of its common stock by an affiliate of Travelport Limited.Underwriter has a 30-day option to purchase up to an additional 3 million shares from the Selling Stockholder. Orbitz Worldwide will not receive any proceeds from the offering.  Full Article

Orbitz Worldwide Inc raises Q2 2014 revenue guidance; updates on Q2 2014 EBITDA guidance
Wednesday, 16 Jul 2014 04:01pm EDT 

Orbitz Worldwide Inc:Expects Q2 2014 net revenue to be about $248 million.Expects Q2 2014 adjusted EBITDA to be about $45 million.Q2 2014 revenue of $243 million and EBITDA of $46 million - Thomson Reuters I/B/E/S.  Full Article

Orbitz Worldwide announces pricing of secondary common stock offering by selling stockholder
Thursday, 22 May 2014 07:44pm EDT 

Orbitz Worldwide Inc:Priced the previously announced underwritten public offering of 7.5 million shares of its common stock held by an affiliate of Travelport Ltd at a price to the public of $6.60 per share.The underwriters have a 30-day option to purchase up to an additional 1.125 million shares from the Selling Stockholder.Orbitz Worldwide will not receive any proceeds from the offering.The offering is scheduled to close on May 29.  Full Article

Orbitz Worldwide Inc announces secondary common stock offering by selling stockholder
Monday, 19 May 2014 04:01pm EDT 

Orbitz Worldwide Inc:Says underwritten public offering of 7.5 mln shares of its common stock by an affiliate of Travelport Limited.The underwriters have a 30-day option to purchase up to an additional 1.125 million shares from the Selling Stockholder.Orbitz Worldwide will not receive any proceeds from the offering.Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC are serving as lead joint book-running managers.Deutsche Bank Securities Inc. and UBS Securities LLC are acting as joint book-running managers of the offering. Cowen and Company, LLC is serving as co-manager of the offering.  Full Article

Orbitz Worldwide Inc gives Q2 2014 guidance in line with analysts' estimates; raises FY 2014 revenue guidance; reiterates FY 2014 guidance - Conference call
Monday, 5 May 2014 10:00am EDT 

Orbitz Worldwide Inc:Expects Q2 2014 revenue between $239 mln and $245 mln and adjusted EBITDA between $42 mln and $47 mln.Expects FY 2014 net revenue to grow in high-single-digits.Reiterates adjusted EBITDA guidance of high-single-digit growth for FY 2014.Reported revenue of $847.00 mln and EBITDA of $143.57 mln in FY 2013.Q2 2014 revenue of $239 mln and EBITDA of $45 mln - Thomson Reuters I/B/E/S.FY 2014 revenue of $900.94 mln and EBITDA of $156.47 mln - Thomson Reuters I/B/E/S.  Full Article

UPDATE 1-Expedia beats Wall Street view, shares rise

July 30 - Expedia Inc on Thursday posted a second-quarter profit above analysts' expectations and announced a larger dividend as travel bookings grow, sending its shares up more than 7 percent in after-market trade.

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