Rockville's Choice Hotels pushes harder for Wyndham acquisition
Rockville-based Choice Hotels, whose $9.8 billion hostile takeover bid for Wyndham Hotels and Resorts was rejected by Wyndham's board earlier this month…
Source: wtop.com
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Choice Hotels Calls on Wyndham Hotels & Resorts to Engage in Discussions
Article - Choice Hotels Calls on Wyndham Hotels & Resorts to Engage in Discussions - Choice Sees a Clear Path to Completion and Remains Committed to the Transaction - Strongly Urges Wyndham to Return to the Negotiating Table
Source: hotelnewsresource.com
Choice Hotels asks Wyndham to engage in merger talks
This comes about a week after Wyndham rejected Choice's $7.8 billion acquisition offer, deeming it "underwhelming" and citing regulatory risks around a potential deal. "We respect Wyndham's desire to achieve the best outcome for its shareholders, but that can't happen if Wyndham unilaterally ends our discussions," Choice CEO Patrick Pacious said. Choice said it first approached Wyndham in April with an $80 per share offer, which it later bumped up to $85.
Source: yahoo.com
Wyndham rejects Choice Hotels' unsolicited buyout offer: Travel Weekly
Wyndham called the $8 billion proposal "opportunistic" and said that it undervalues its growth potential.
Source: travelweekly.com
Wyndham Hotels & Resorts rejects $8 billion offer from Choice Hotels
Shares of Wyndham Hotels & Resorts jumped more than 6% in afternoon trading on Tuesday and shares of Choice Hotels fell more than 5% after Wyndham rejected an unsolicited $8 billion buyout offer from Choice Hotels. Once
Source: upi.com