Choice Hotels International is asking shareholders of rival chain Wyndham Hotels & Resorts to sign off on a buyout worth nearly $8 billion after Wyndham broke off negotiations
FILE - The Wyndham Grand hotel is seen in Pittsburgh on March 20, 2017. , the company said Tuesday, Oct. 17, 2023. , the company said Tuesday.
The deal has a total value of about $7.8 billion. When including debt, it's valued at approximately $9.8 billion. Choice operates about 7,500 hotels in 46 countries. It's seeking to absorb a much larger chain in Wyndham, which operates nearly 9,300 hotels under a host of brands including Days Inn, Howard Johnson, La Quinta, Ramada, Super 8 and Travelodge.
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Choice Hotels offers nearly $8 billion for larger rival Wyndham Hotels & Resorts as travel boomsChoice Hotels International is asking shareholders of rival chain Wyndham Hotels & Resorts to sign off an a buyout worth nearly $8 billion after Wyndham broke off negotiations after six months. Choice, based in Rockville, Maryland, is offering $49.50 in cash and 0.324 shares of Choice common stock for each Wyndham share they own.
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Choice Hotels offers nearly $8 billion for larger rival Wyndham Hotels & Resorts as travel boomsChoice Hotels International is asking shareholders of rival chain Wyndham Hotels & Resorts to sign off on a buyout worth nearly $8 billion after Wyndham broke off negotiations.
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Choice Hotels offers nearly $8 billion for larger rival Wyndham Hotels & Resorts as travel boomsChoice Hotels International is asking shareholders of rival chain Wyndham Hotels & Resorts to sign off on a buyout worth nearly $8 billion after Wyndham broke off negotiations.
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Choice Hotels International Presents Bid to Acquire Wyndham Hotels & ResortsWyndham Hotels & Resorts stock surged early Tuesday after rival Choice Hotels offered to buy the company for $90 a share.
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Choice Hotels launches hostile bid to acquire Wyndham Hotels for $90 per shareJames Rogers is a Financial Columnist for MarketWatch.
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Choice Hotels goes public with $7.8B offer for rival Wyndham after talks break downChoice Hotels goes public with $7.8B offer for rival Wyndham after talks break down
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