Wyndham rejects hostile bid from Rockville's Choice Hotels
Wyndham Hotels & Resorts has rejected a hostile acquisition offer from Rockville, Maryland-based Choice Hotels, hours after Choice made details of its offer public.
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Wyndham Hotels & Resorts has rejected a hostile acquisition offer from Rockville, Maryland-based Choice Hotels, hours after Choice made details of its offer public.
Wyndham Hotels & Resorts is rejecting an unsolicited US $8 billion buyout offer from Choice Hotels, a smaller chain that sent a letter to Wyndham shareholders Tuesday after negotiations broke down.
Wall Street drifted following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking. The S&P 500 closed just barely lower Tuesday
Wyndham says its board is unanimously rejecting Choice Hotels' unsolicited buyout offer worth nearly $8 billion.
Wyndham says its board is unanimously rejecting Choice Hotels' unsolicited buyout offer worth nearly $8 billion.