WH - Why Wyndham Hotels & Resorts Shares Are Jumping Today | Benzinga
Choice Hotels International, Inc. (NYSE: CHH) proposed acquiring all the outstanding shares of Wyndham Hotels & Resorts, Inc. (NYSE: WH) at $90.00 per share, payable in a mix of cash and stock.
The proposal implies a total equity value for Wyndham of approximately $7.8 billion on a fully diluted basis. With the assumption of Wyndham's net debt, the proposed transaction is valued at roughly $9.8 billion.
However, Wyndham has decided to disengage from further discussions with Choice following nearly six months of dialogue. As a result, Choice decided to make its latest proposal public.
According to Choice's proposal, Wyndham shareholders would have received $90.00 per share, comprising $49.50 in cash and 0.324 shares ...