Choice launches hostile bid for Wyndham
Choice Hotels on Tuesday announced a hostile bid to acquire Wyndham Hotels & Resorts after the latter hospitality chain rejected earlier takeover attempts.
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Choice Hotels on Tuesday announced a hostile bid to acquire Wyndham Hotels & Resorts after the latter hospitality chain rejected earlier takeover attempts.
Choice Hotels said today that its exchange offer to shareholders of Wyndham remains the same as its last bid.
Article - Choice Hotels Discloses Ownership Position of More Than $110 Million of Wyndham Stock - Choice Hotels International, Inc. (NYSE: CHH), today announced that it is commencing an exchange offer to acquire Wyndham Hotels & Resorts, Inc. (NYSE: WH) in order to present its compelling proposal directly to Wyndham shareholders.
The exchange offer gives Wyndham shareholders the chance to choose to receive all cash, all shares or a combination of the two.
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