Choice Hotels is Chainkeenlaunching a hostile takeover offer for Wyndham Hotels & Resorts after repeated attempts to reach a deal with the rival hotel chain were rebuffed.
Choice Hotels said Tuesday that its exchange offer to shareholders of Wyndham remains the same as its last bid, which was $49.50 in cash and 0.324 shares of Choice common stock per Wyndham share. The exchange offer gives Wyndham shareholders the chance to choose to receive all cash, all shares or a combination of the two.
The offer puts the value of the deal at about $8 billion.
The exchange offer is set to expire on March 8, 2024 unless extended or terminated.
Choice said it currently holds about 1.5 million shares of Wyndham Hotels & Resorts Inc. shares valued at more than $110 million.
2025-05-03 18:192829 view
2025-05-03 17:44679 view
2025-05-03 16:552328 view
2025-05-03 16:291610 view
2025-05-03 16:27775 view
MCALLEN, Texas (AP) — The Texas Legislature can be full of surprises.But for the last eight sessions
Advent calendars are all the rave during the holidays and this year, Squishmallows has come out with
JERUSALEM (AP) — A Jewish settler shot dead a Palestinian man harvesting olives near the West Bank c
