Wyndham rejects Choice Hotels' $7.8 billion takeover bid
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Wyndham (WH) Board Of Directors Rejects Unsolicited Proposal From Choice (CHH)
October 17, 2023 11:55 AM EDTWyndham Hotels & Resorts (NYSE: WH) ("Wyndham" or the "Company"), the world's largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, announced that its Board of Directors unanimously rejected a highly conditional, unsolicited stock-and-cash proposal by Choice Hotels International, Inc. (NYSE: CHH) ("Choice") to acquire all outstanding shares of Wyndham.
Wyndham's Board of Directors, together with its financial and legal advisors, closely reviewed Choice's latest proposal... More
