CUC International Inc. and HFS Incorporated, In the Matter of

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In the Matter of CUC International Inc. and HFS Incorporated
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Part 2 Consents

Case Summary

CUC settled allegations that its proposed acquisition of HFS, Inc. would create a monopoly in the worldwide market for full-service timeshare exchange services. The consent order requires divestiture of CUC's interval timeshare business to Interval Acquisition Corporation, a new entrant. Should this divestiture not take place, the consent order requires CUC to divest either Interval or HFS' Resort Condominiums International.