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Wyndham Worldwide and La Quinta Holdings announce acquisition agreement

7 monthes ago   |   By

Wyndham Worldwide Corporation and La Quinta Holdings Inc. announced that they have entered into a definitive agreement under which Wyndham Worldwide will acquire La Quinta's hotel franchise and hotel management businesses for $1.95 billion in cash. The acquisition is expected to close in the second quarter of 2018.
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Wyndham Worldwide and La Quinta Holdings announce acquisition agreement

Wyndham Worldwide and La Quinta Holdings announce acquisition agreement

7 monthes ago   |   By

Wyndham Worldwide Corporation and La Quinta Holdings Inc. announced that they have entered into a definitive agreement under which Wyndham Worldwide will acquire La Quinta's hotel franchise and hotel management businesses for $1.95 billion in cash. The acquisition is expected to close in the second quarter of 2018.
Under the terms of the agreement, stockholders of La Quinta will receive $8.40 per share in cash , and Wyndham Worldwide will repay approximately $715 million of La Quinta debt net of cash and set aside a reserve of $240 million for estimated taxes expected to be incurred in...
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