BRIEF-Wyndham Destinations Acquires Travel + Leisure Brand From Meredith Corp

Reuters

2021-01-06

Jan 6 (Reuters) - Meredith Corp :

* WYNDHAM DESTINATIONS ACQUIRES TRAVEL + LEISURE BRAND FROM MEREDITH CORPORATION IN STRATEGIC ALLIANCE; WYNDHAM DESTINATIONS TO BE RENAMED TRAVEL + LEISURE CO.

* WYNDHAM DESTINATIONS INC - NEW TRAVEL + LEISURE CO. WILL TRADE ON NYSE UNDER TICKER SYMBOL TNL IN MID-FEBRUARY 2021

* WYNDHAM DESTINATIONS INC - TRANSACTION IS NOT EXPECTED TO CHANGE EMPLOYMENT AT EITHER COMPANY.

* WYNDHAM DESTINATIONS INC - IN EARLY 2021, WYNDHAM DESTINATIONS WILL CHANGE ITS NAME TO TRAVEL + LEISURE CO.

* WYNDHAM DESTINATIONS INC - MEREDITH WILL CONTINUE TO OPERATE AND MONETIZE TRAVEL + LEISURE'S MEDIA ACROSS MULTIPLE CHANNELS

* WYNDHAM DESTINATIONS INC - $100 MILLION ACQUISITION WILL BE FUNDED WITH CASH ON HAND OF $35 MILLION PAID AT CLOSING

* WYNDHAM DESTINATIONS INC - ACQUISITION IS EXPECTED TO BE NEUTRAL TO EARNINGS FOR NEW TRAVEL + LEISURE CO. IN YEAR ONE AND ACCRETIVE IN YEAR TWO

* WYNDHAM DESTINATIONS INC - TRAVEL + LEISURE CO. WILL LICENSE BRAND TO MEREDITH TO CONTINUE OPERATING AND MONETIZING T+L'S MEDIA PLATFORMS

* WYNDHAM DESTINATIONS INC - TRANSACTION IS NOT EXPECTED TO CHANGE EMPLOYMENT AT EITHER COMPANY

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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WILL TRADE ON NYSE UNDER TICKER SYMBOL TNL IN MID-FEBRUARY 2021</p><p>   * WYNDHAM DESTINATIONS INC - TRANSACTION IS NOT EXPECTED TO CHANGE EMPLOYMENT AT EITHER COMPANY.</p><p>   * WYNDHAM DESTINATIONS INC - IN EARLY 2021, WYNDHAM DESTINATIONS WILL CHANGE ITS NAME TO TRAVEL + LEISURE CO.</p><p>   * WYNDHAM DESTINATIONS INC - MEREDITH WILL CONTINUE TO OPERATE AND MONETIZE TRAVEL + LEISURE'S MEDIA ACROSS MULTIPLE CHANNELS</p><p>   * WYNDHAM DESTINATIONS INC - $100 MILLION ACQUISITION WILL BE FUNDED WITH CASH ON HAND OF $35 MILLION PAID AT CLOSING</p><p>   * WYNDHAM DESTINATIONS INC - ACQUISITION IS EXPECTED TO BE NEUTRAL TO EARNINGS FOR NEW TRAVEL + LEISURE CO. IN YEAR ONE AND ACCRETIVE IN YEAR TWO</p><p>   * WYNDHAM DESTINATIONS INC - TRAVEL + LEISURE CO. WILL LICENSE BRAND TO MEREDITH TO CONTINUE OPERATING AND MONETIZING T+L'S MEDIA PLATFORMS</p><p>   * WYNDHAM DESTINATIONS INC - TRANSACTION IS NOT EXPECTED TO CHANGE EMPLOYMENT AT EITHER COMPANY</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2101246116","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2101246116","pubTimestamp":1609933045,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Jan 6 (Reuters) - Meredith Corp   :   * WYNDHAM DESTINATIONS ACQUIRES TRAVEL + LEISURE BRAND FROM ME","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"BRIEF-Wyndham Destinations收购Meredith Corp.的旅游+休闲品牌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MDP":0.9,"WYND":0.9},"content_text":"Jan 6 (Reuters) - Meredith Corp   :   * WYNDHAM DESTINATIONS ACQUIRES TRAVEL + LEISURE BRAND FROM MEREDITH CORPORATION IN STRATEGIC ALLIANCE; WYNDHAM DESTINATIONS TO BE RENAMED TRAVEL + LEISURE CO.   * WYNDHAM DESTINATIONS INC - NEW TRAVEL + LEISURE CO. 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