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Choice Hotels offered to buy Wyndham Hotels and Resorts in a deal worth nearly $10 billion, including debt, after Wyndham walked way from the negotiating table a few weeks ago.
Choice Hotels International is asking shareholders of rival chain Wyndham Hotels & Resorts to sign off on a buyout worth nearly $8 billion after Wyndham broke off negotiations.
Wall Street slips on fears about the downside of a too-strong economy
Wyndham says its board is unanimously rejecting Choice Hotels' unsolicited buyout offer worth nearly $8 billion.
Wall Street drifted to a mixed finish 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 edged