May 10, 2018 / 12:24 AM / 5 months ago

BRIEF-Wyndham Worldwide Board Of Directors Approves Spin-Off Of Hotel Business

May 9 (Reuters) - Wyndham Worldwide Corp:

* WYNDHAM WORLDWIDE BOARD OF DIRECTORS APPROVES SPIN-OFF OF HOTEL BUSINESS

* BOARD OF DIRECTORS OF WYNDHAM HOTELS & RESORTS HAS APPROVED A SHARE REPURCHASE AUTHORIZATION OF $300 MILLION

* WYNDHAM DESTINATIONS WILL HAVE APPROXIMATELY $1 BILLION REMAINING UNDER ITS CURRENT SHARE REPURCHASE AUTHORIZATION

* ORATION TO BE RENAMED WYNDHAM DESTINATIONS, INC Source text for Eikon: Further company coverage:

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