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home / articles / choice hotels takes its proposal directly to wyndham mwn benzinga

WH - Choice Hotels Takes Its Proposal Directly To Wyndham Shareholders - Can The Hostile Attempt Succeed? | Benzinga

Wyndham Hotels & Resorts Inc.

Choice Hotels International Inc (NYSE: CHH) has commenced an exchange offer to acquire Wyndham Hotels & Resorts, Inc (NYSE: WH) to present its proposal directly to Wyndham shareholders. 

Choice currently holds approximately 1.5 million shares of Wyndham common stock, valued at more than $110 million.

The exchange offer maintains the previously proposed offer to Wyndham, of $49.50 in cash and 0.324 shares of choice common stock per Wyndham share.

Choice made a proposal privately to Wyndham on November 14, 2023. Instead of discussing the terms of such a proposal with Choice, Wyndham publicly rejected the Full story available on Benzinga.com
Stock Information
Company Name: Wyndham Hotels & Resorts Inc.
Stock Symbol: WH
Market: NYSE
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