|
|
Article: Marriott International to Merge Its Food Service and Facilities Management Business with Sodexho Alliance's North American Operations, and Spin Off to Shareholders a New Company Comprised of Its Lodging and Other Businesses
- Article from:
- PR Newswire
- Article date:
- October 1, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Marriott shareholders to own 51% stake in Sodexho Marriott Services, Inc.,
which will be the largest contract services company in North America.
New company made up of Marriott's lodging, senior living and distribution
services businesses to be spun off to Marriott International shareholders.
Marriott's food service and facilities management business valued in pact at
approximately $2 billion.
Marriott International senior debt and commercial paper to be refinanced.