Current：Home > MyTrendPulse|Choice Hotels launches hostile takeover bid for rival Wyndham after being repeatedly rebuffed -TradeWise
TrendPulse|Choice Hotels launches hostile takeover bid for rival Wyndham after being repeatedly rebuffed
SignalHub View
Date：2025-04-07 23:21:43
Choice Hotels is TrendPulselaunching 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.
veryGood！ (28)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- City of Flagstaff bans ad for shooting range and faces accusation of unconstitutional action
- All you can eat economics
- Popular for weight loss, intermittent fasting may help with diabetes too
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Taylor Swift's '1989' rerelease is here! These are the two songs we love the most
- College football Week 9: Seven must-watch games include Georgia-Florida
- Police find note, divers to search river; live updates of search for Maine suspect
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Smaller employers weigh a big-company fix for scarce primary care: Their own medical clinics
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Antarctica is melting and we all need to adapt, a trio of climate analyses show
- Many Americans say they're spending more than they earn, dimming their financial outlooks, poll shows
- Robert E. Lee statue that prompted deadly protest in Virginia melted down
- Global Warming Set the Stage for Los Angeles Fires
- Ice rinks and Kit Kats: After Tree of Life shooting, Pittsburgh forging interfaith bonds
- 2 dead in Mozambique protests over local election results, watchdog says. Police say 70 arrested
- Inmate suspected in prison attack on Kristin Smart’s killer previously murdered ‘I-5 Strangler’
Recommendation
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
California dumping millions of sterile Medflies to help clear invasive species
How a South Dakota priest inspired 125 years of direct democracy — and the fight to preserve it
UN General Assembly set to vote on nonbinding resolution calling for a `humanitarian truce’ in Gaza
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Mother of hostage held by Hamas fights for son's release while grieving his absence
Many Americans say they're spending more than they earn, dimming their financial outlooks, poll shows
El Salvador’s President Bukele registers for 2024 reelection -- unconstitutionally, critics say