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Fairfield in merger talks
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October 18, 2000: 4:47 p.m. ET
Real estate company in discussion of possible deal with undisclosed firm
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NEW YORK (CNNfn) - Real estate company Fairfield Communities Inc. is in preliminary discussions about a possible merger with an undisclosed company.
Time-share company Fairfield said in a statement Wednesday it is in talks about a possible merger or other transactions, but there is no guarantee the talks will lead to a definitive agreement.
 The Orlando, Fla.-based company owns 33 resorts in 12 states and the Bahamas. Fairfield had revenue of more than $491 million in 1999 and earned nearly $57 million.
Amid growing market speculation, Hilton Hotel Group denied it is in talks with Fairfield.
Fairfield said it would not issue further public statements regarding the talks.
In February a proposed $775 million acquisition with Carnival Corp. was scuttled because of the cruise company's plunging stock price. A spokeswoman for Carnival said the company was aware of news reports about the talks but did not elaborate.
Shares of Fairfield (FFD: Research, Estimates) rose 31 cents to $11.94 on the New York Stock Exchange. 
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