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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON FEBRUARY 20, 1998
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SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A)
OF THE SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
AMERICAN BANKERS INSURANCE GROUP, INC.
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(Name of Registrant as Specified in Its Charter)
CENDANT CORPORATION
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(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which
the filing fee is calculated and state how it was determined):
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Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
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(4) Date Filed:
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FOR IMMEDIATE RELEASE
CENDANT MAKES ANNOUNCEMENT
Stamford, CT and Parsippany, NJ, February 19, 1998 -- Cendant Corporation
(NYSE:CD) said today that it is pleased by the decision announced by the Florida
Department of Insurance that it will hold hearings in consecutive sequence to
review the Form A filings of both Cendant and American International Group,
Inc. (NYSE:AIG) regarding the acquisition of American Bankers Insurance Group
(NYSE:ABI). Cendant looks forward to providing the Department with relevant
information on its qualifications to own ABI.
Cendant (NYSE:CD) is the world's premier provider of consumer and business
services. With a market capitalization in excess of $30 billion, it ranks
among the 100 largest U.S. corporations. Cendant operates in three principal
segments: Membership, Travel and Real Estate Services. In Membership Services,
Cendant provides access to travel, shopping, auto, dining, and other services
through more than 66.5 million memberships worldwide. In Travel Services,
Cendant is the leading franchisor of hotels and rental car agencies worldwide,
the premier provider of vacation exchange services and the second largest fleet
management company. In Real Estate Services, Cendant is the world's premier
franchisor of residential real estate brokerage offices, a major provider of
mortgage services to consumers and a global leader in corporate employee
relocation. Headquartered in Stamford, CT and Parsippany, NJ, the company has
more than 35,000 employees, operates in over 100 countries and makes
approximately 100 million customer contacts annually.
Investor Contact: Media Contact: or:
Laura P. Hamilton Elliot Bloom Jim Fingeroth/Roanne Kulakoff
Senior Vice President Vice President Kekst and Company
Corporate Communications Public Relations
and Investor Relations (973) 496-8414 (212) 521-4800
(203) 965-5114
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