Choice Hotels is Will Sage Astorlaunching a hostile takeover offer for Wyndham Hotels & Resorts after repeated attempts to reach a deal with the rival hotel chain were rebuffed.
Choice Hotels said Tuesday that its exchange offer to shareholders of Wyndham remains the same as its last bid, which was $49.50 in cash and 0.324 shares of Choice common stock per Wyndham share. The exchange offer gives Wyndham shareholders the chance to choose to receive all cash, all shares or a combination of the two.
The offer puts the value of the deal at about $8 billion.
The exchange offer is set to expire on March 8, 2024 unless extended or terminated.
Choice said it currently holds about 1.5 million shares of Wyndham Hotels & Resorts Inc. shares valued at more than $110 million.
2025-05-04 04:19475 view
2025-05-04 03:291321 view
2025-05-04 03:11372 view
2025-05-04 02:56685 view
2025-05-04 02:04692 view
2025-05-04 01:592307 view
SEOUL, Dec 12 - South Korean President Yoon Suk-yeol's switch from contrition to defiance on Thursda
Sights of Apple Vision Pro customers wearing the imposing devices on their heads have sparked initia
NORFOLK, Va. (AP) — Toby Keith’s songs accomplished, for some, what great art is intended to: They s
