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BRIEF-Marriott to receive about $650 mln for 55 pct interest in Avendra
October 16, 2017 / 4:46 AM / a month ago

BRIEF-Marriott to receive about $650 mln for 55 pct interest in Avendra

Oct 16 (Reuters) - Marriott:

* ‍owners of Avendra, LLC have reached a binding agreement to sell avendra to aramark for $1,350 million​

* Marriott- ‍after redemption of costs, Avendra’s founding shareholders, co, Hyatt,Aaccor, Clubcorp, IHG, expect to receive about $1,180 million in cash

* ‍Marriott expects to receive approximately $650 million for its 55 percent interest in Avendra​ Source text for Eikon: Further company coverage:

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