BUSINESS
03/19/2009 05:12 am ET Updated May 25, 2011

Wyndham Resorts Shelves $200 Million Stock Sale As Share Price Plummets

Feb. 16 (Bloomberg) -- Wyndham Worldwide Corp., the largest seller of timeshare vacation units, is withdrawing plans to sell as much as $200 million in shares, citing investors' "strongly negative" reaction.

Wyndham fell 30 percent to $4.18 on Feb. 13 in New York Stock Exchange composite trading after announcing its intent to sell stock.

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