Choice Hotels International, Inc. (NYSE:CHH) revealed the expiration of the exchange offer to acquire Wyndham Hotels & Resorts, Inc. (NYSE:WH) and also withdrew its nomination of independent director candidates for election at Wyndham’s 2024 Annual Meeting of Stockholders.
Choice said it intends to continue focusing on its standalone strategy. The exchange offer expired on March 8, 2024.
Since beginning this process in April 2023, Choice said it has attempted to engage in good-faith negotiations with Wyndham through numerous different avenues, including increasing the ...