WH - Wyndham receives FTC second request over Choice Hotels takeover offer

2024-01-11 17:31:27 ET

Wyndham Hotels & Resorts ( NYSE: WH ) said on Thursday it had received a request for more information from the Federal Trade Commission about Choice Hotels' ( NYSE: CHH ) takeover offer for WH.

Shares of WH and CHH were flat in extended trading.

"From the beginning, Wyndham has consistently stated that this transaction would be subject to an FTC Second Request, and therefore the FTC's decision to issue one is no surprise," said WH chairman Stephen Holmes in a statement .

Choice Hotels had earlier stated that it expected the second request process to begin on Thursday.

Parsippany, N.J.-based Wyndham has repeatedly rebuffed Choice Hotels International's ( CHH ) hostile takeover attempts, asking shareholders to reject CHH's acquisition exchange offer.

Wyndham said it will fully comply with the FTC's Second Request as required by law.

More on Choice Hotels

• Choice Hotels: Strong Growth In Hotel Market Bolstering Growth Outlook
• Choice Hotels International, Inc. (CHH) Q3 2023 Earnings Call Transcript
• Choice Hotels: 2024 EBITDA Growth Could Exceed Expectations
• Choice Hotels expects to receive FTC second request over Wyndham takeover offer
• Choice Hotels pushes ahead on regulatory process with Wyndham takeover

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