What path will lonely Orbitz take next?
In recent weeks, Orbitz Worldwide executives and attorneys have been working on a major transaction, according to a source who spoke on the condition of anonymity.
An Orbitz spokesperson says:
“The company’s policy is not to comment on rumors and speculation about potential transactions and market activity.”
Though it is unclear the scale and type of a likely deal, Tnooz has talked to a number of industry insiders, primarily analysts at funds that are significant shareholders or at investment banks that cover Orbitz and its competitors, to pull together a list of possible options for Orbitz.