Interval Leisure Group Announces Stockholder Approval in Connection with Acquisition of Vistana Signature Experiences

MIAMI--(BUSINESS WIRE)--Interval Leisure Group (Nasdaq: IILG) (“ILG”) announced today that at a special meeting of stockholders of ILG, the proposal necessary for the acquisition of Vistana Signature Experiences, Inc. (“Vistana”), the vacation ownership business of Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) (“Starwood”), through a merger of Vistana with a wholly-owned subsidiary of ILG (the “Merger”) immediately following the spin-off of Vistana from Starwood (the “Spin-Off”), was approved. Over 95 percent of the total votes cast by holders of ILG common stock present in person or represented by proxy at the meeting, representing over 92 percent of outstanding shares, voted in favor of the proposal to issue shares of ILG common stock in connection with the Merger.