WH - Choice Hotels Eyes Boardroom Battle With Acquisition Target Wyndham: Report | Benzinga
Choice Hotels International, Inc. (NYSE: CHH) is reportedly intensifying its efforts to acquire rival Wyndham Hotels & Resorts, Inc. (NYSE: WH) in an ongoing $8 billion takeover attempt.
The company has acquired a shareholder position in Wyndham by purchasing shares in the open market and is planning to further increase its stake, reported Reuters, citing people familiar with the matter.
This strategic move grants Choice the ability to nominate directors to Wyndham's board in ...