WH - Wyndham Hotels Turns Down Another Acquisition Attempt By Choice Hotels | Benzinga
Wyndham Hotels & Resorts Inc (NYSE: WH) said its Board of Directors received a letter from Choice Hotels International, Inc (NYSE: CHH) on November 14, 2023, which represented a step backwards in the merger and acquisition talks.
The budget hotel operator said the terms of acquisition Choice outlined in the letter are not in the best interests of Wyndham or its shareholders.
The letter is Choice's first communication in a month since its public disclosure of its unsolicited proposal to acquire Wyndham.
The letter, according to Wyndham, contains no change to the form of financial consideration and continues to undervalue Wyndham's standalone ...