Wyndham urges shareholders to reject Choice s takeover bid njbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from njbiz.com Daily Mail and Mail on Sunday newspapers.
Board Unanimously Recommends Wyndham Shareholders NOT Tender Shares
Choice Ignores Significant Regulatory and Business Risks and Misleads Wyndham Shareholders and Other Stakeholders.
Wyndham 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, today confirmed that Choice Hotels International, Inc. (NYSE: CHH) (“Choice”), has commenced an unsolicited exchange offer to acquire all outstanding shares of Wyndham common stock. The offer proposed by Choice appears unchanged from the terms outlined in a letter to Wyndham dated November 14, 2023 and is currently valued at approximately $86 per share.
Offer Terms Remain Unchanged and Highly Conditional
Shareholders Urged Not to Take Action at This Time
PARSIPPANY, N.J., Dec. 12, 2023 /PRNewswire/ Wyndham Hotels & Resorts , the world s largest.
Parsippany-based Wyndham faces hostile takeover bid from Choice Hotels njbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from njbiz.com Daily Mail and Mail on Sunday newspapers.