Choice Hotels is Zopeslaunching 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.
2025-05-07 07:081416 view
2025-05-07 06:501669 view
2025-05-07 06:411006 view
2025-05-07 06:09567 view
2025-05-07 06:072428 view
2025-05-07 04:531320 view
LOUISVILLE, Ky. (AP) — The U.S. Justice Department and the city of Louisville have reached an agreem
The Los Angeles Chargers are back to .500 after breezing to a 27-6 win over the New York Jets at Met
TUSTIN, Calif. (AP) — Fire raged Tuesday in a massive World War II-era wooden hangar that was built
