Item 8.01. Other Events.
On January 6, 2021, Wyndham Destinations, Inc. ("WDI") announced that it has
acquired the Travel + Leisure brand and all related assets from Meredith
Corporation. The aggregate purchase price was $100 million, comprised of $35
million in cash paid at closing, with trailing payments through June 2024. As
part of the transaction, WDI entered into an agreement to license the Travel +
Leisure brand back to Meredith Corporation to continue operating and monetizing
Travel + Leisure's media platforms.
In connection with this acquisition, WDI will change its name to Travel +
Leisure Co. and change its ticker symbol to TNL in mid-February of 2021.
On January 6, 2021, WDI issued a press release announcing the acquisition of
Travel + Leisure brand and related assets. A copy of the press release is
attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
d) Exhibits. The following exhibit is furnished with this report:
Exhibit No. Description
99.1 Press Release, dated January 6, 2021.
104 Cover Page Interactive Data File (cover page XBRL tags are embedded within the
Inline XBRL document)
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