| Galileo International, Inc. | |||
| Ticker: | GLC | 9700 West Higgins Road, Suite 400 | |
| Exchange: | New York Stock Exchange | Rosemont, IL 60018 | |
| Industry: | High-Tech (SIC Code 7375) | (847) 518-4000 | |
| Type of Shares: | Common Shares | Filing Date: | 5/20/97 | |
| U.S. Shares: | 22,398,600 | Offer Date: | 7/24/97 | |
| Non-U.S. Shares: | 9,599,400 | Filing Range: | $20.00 - $23.00 | |
| Primary Shares: | 12,000,000 | Offer Price: | $24.50 | |
| Secondary Shares: | 19,998,000 | Gross Spread: | $1.28 | |
| Offering Amount: | $687,957,000 | Selling: | $0.77 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 761-5900 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-0517 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| SBC Warburg & Company | Co-manager | (212) 224-7274 |
| Issuer's Law Firm: | Shearman & Sterling |
| Bank's Law Firm: | Davis, Polk & Wardwell |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $1,088.26 | $307.65 | $279.18 | Assets: | $631.40 |
| Net Income: | $165.22 | $65.49 | $49.49 | Curr Assets: | |
| EPS: | Liabilities: | $309.70 | |||
| Prior EPS: | $60.39 | $17.60 | Curr Liabilities: | ||
| Cash Flow/Oper: | $214.08 | Equity: | $321.70 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is one of the world's leading providers of electronic global distribution services for the travel industry utilizing a computerized reservation system. The company provides travel agencies at approximately 36,000 locations, as well as other subscribers, with the ability to access schedule and fare information, book reservations and issue tickets for 525 airlines. The company also provides subscribers with information and booking capability covering 48 car rental companies and 220 major hotel chains with more than 300 million bookings in 1996, representing an estimated $50 billion in travel services. The company's travel agency subscribers operate more than 148,000 computer terminals, all of which are linked to the company's Data Center, one of the world's largest commercial data processing complexes, a system with an uptime performance record better than 99.9%. The company estimates that, in 1996, 27% of all United States CRS airline travel bookings and 39% of all European CRS airline travel bookings were made through the company. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the aggregate purchase price for the NDC Acquisitions and to fund the initial payments due in connection with the termination of certain revenue sharing obligations. |