Sentences with phrase «marriott international shares»

It is anticipated that Marriott International shares will also trade ex-distribution (that is, without the right to receive shares of Marriott Vacations Worldwide common stock) on or about Tuesday, November 8, 2011, and continue through the distribution date, under the symbol «MAR WI».

Any holders of shares of Marriott International common stock who sell Marriott International shares «regular way» on or before November 21, 2011, will also be selling their right to receive shares of Marriott Vacations Worldwide common stock.

Not exact matches

Do you have a story to share about working for Marriott or another international corporation with operations in China?

Arne Sorenson, Marriott International CEO, shares his thoughts on how to reduce security costs while keeping travelers safe.

ORLANDO, FL., Nov. 22, 2011 — Marriott Vacations Worldwide Corporation (NYSE: VAC), the leading global pure - play vacation ownership company, begins regular way trading today following its spin - off from Marriott International, Inc. (NYSE: MAR) with a one - for - 10 distribution of Marriott Vacations Worldwide shares to Marriott International shareholders on November 21, 2011.

BETHESDA, Md., Oct. 25, 2011 / PRNewswire / — Marriott International, Inc. (NYSE: MAR) announced today that its Board of Directors approved the spin - off of its wholly owned subsidiary, Marriott Vacations Worldwide Corporation, through the distribution of shares to holders of Marriott International common stock.

The family trust, JWM Family Enterprises, owns 24.2 million shares of Marriott International according to regulatory filings.

Marriott International has received a private letter ruling from the Internal Revenue Service and an opinion of tax counsel confirming that the distribution of shares of Marriott Vacations Worldwide common stock will qualify as a tax - free distribution to Marriott International shareholders.

On the distribution date each Marriott International shareholder will receive one share of Marriott Vacations Worldwide common stock for every ten shares of Marriott International Class A common stock held by such shareholder on the record date.

Marriott International said it anticipates the receipt of an IRS private - letter tax ruling in September, confirming that the distribution of shares of Marriott Vacations Worldwide common stock will not result in the recognition, for U.S. federal income tax purposes, of income, gain or loss by Marriott International or Marriott International shareholders, except, in the case of Marriott International shareholders, for cash received in lieu of fractional shares.

As of Sept. 16 the Common Retirement Fund held 1,601,277 shares of Yum Brands worth $ 86.2 million, 873,292 shares of Limited Brands Inc. worth $ 35.1 million and 938,109 shares of Marriott International Inc. worth $ 27.3 million

Yes, the Marriott family owns roughly 21 % of Marriott International and they will get their pro-rata of spin - off VAC shares, so they will own 21 % of VAC (plus various family members will be on the VAC Board).

This year, bragging rights are shared; Marriott International, boosted by its merger with Starwood, comes top of the table in terms of number of rooms planned.

Shareholders in Starwood will receive $ 21.00 in cash and 0.80 shares of Marriott International Class A common stock for each share of Starwood Hotels & Resorts Worldwide common stock.

Marriott International expects to earn an incentive fee in its first full year of management, based on improvement in Gaylord Hotels» profitability, and further expects the transaction to be accretive to Marriott's earnings per share by approximately 2 cents in 2013.

Marriott International has reported fourth - quarter profit rose 28 per cent to $ 181 million, or 56 cents a share, from $ 141 million a year ago.

«We are thrilled to partner with Marriott International as they share our determination to build progressive, creative, long - term relationships with brand partners.

Under the terms of the merger agreement with Marriott, Starwood stockholders would receive 0.92 shares of Marriott International Class A common stock and $ 2.00 in cash for each share of Starwood common stock.

With a lower share of international hotels than IHG or Marriott, Hilton Honors is less attractive to international travelers.

The office building shares a site with the first of its kind JW Marriott Marquishotel and the first Hotel Beaux Arts, a new hotel of Marriott International luxury group.