More Rumors Wyndham Worldwide (WYN) is a Takeover Target
StreetInsider.com contributor thestockmasters.com has an interesting article on why Wyndham Worldwide Corporation (NYSE: WYN) may be a takeover target.
The article says: "Wyndham, which was spun off from previous owner Cendant Corporation in 2006, has all the trappings of a prime takeout candidate. While the idea that a firm that was literally just spun out could be subsumed so soon may alarm some, keep in mind that we just saw it happen with another old Cendant unit, Realogy, which was taken out for 12x 2007 EBITDA. And of course, who can forget Travelport: the first Cendant “orphan” was sold to The Blackstone Group for $4.3B."
Link to Full Article
The article says: "Wyndham, which was spun off from previous owner Cendant Corporation in 2006, has all the trappings of a prime takeout candidate. While the idea that a firm that was literally just spun out could be subsumed so soon may alarm some, keep in mind that we just saw it happen with another old Cendant unit, Realogy, which was taken out for 12x 2007 EBITDA. And of course, who can forget Travelport: the first Cendant “orphan” was sold to The Blackstone Group for $4.3B."
Link to Full Article
Labels: WYN, Wyndham Worldwide
posted by Lon at 3:06 PM
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