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
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