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Actionable news in EXPE: Expedia, Inc.,

Cost Associated with Exit or Disposal

Expedia

) committed to restructuring actions intended to optimize cost and expense synergies from the previously disclosed acquisition of Orbitz Worldwide, Inc. (

Orbitz

).The restructuring actions are expected to result in headcount reductions at Orbitz and the communication of such actions to affected employees was substantially completed on November12, 2015.

In connection with these actions, the Company expects to record approximately $130 million to $150 million in total pre-tax charges relating primarily to employee severance and compensation benefits, including stock-based compensation, of which $90million to $110million is expected to result in cash expenditures.The total pre-tax charges include approximately $70million incur red in the third quarter of 2015 approximately $20 million to $30 million expected to be...


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