Choice Hotels is Ov Financelaunching 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.
2025-05-06 19:041553 view
2025-05-06 18:521143 view
2025-05-06 18:481051 view
2025-05-06 18:14432 view
2025-05-06 17:26868 view
2025-05-06 17:191165 view
A large number of mysterious droneshave been reported flying over parts of New Jersey in recent week
NEW YORK − For Angelina Jolie, the hardest part of playing opera star Maria Callas wasn’t the seven
NEW YORK − For Angelina Jolie, the hardest part of playing opera star Maria Callas wasn’t the seven