Wyndham Worldwide to acquire La Quinta for $1.95bn

Wyndham Worldwide will acquire La Quinta’s hotel franchise and hotel management businesses for $1.95 billion in cash. Under the terms of the agreement, stockholders of La Quinta will receive $8.40 per share in cash (approximately $1 billion in aggregate), and Wyndham Worldwide will repay approximately $715 million of La Quinta debt.