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Cheap Tickets Up as Cendant Extends Share Offer Deadline

Cheap Tickets (CTIX) was up 10.1% in preopen Instinet trading after travel and real estate services company Cendant (CD) said it would extend the deadline for its $425 million offer for the online travel agent to Oct. 5.

Cendant had purchased about 86% of Cheap Tickets outstanding shares by the previous deadline of Friday.

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