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Wyndham is still not happy with Choice Hotels' hostile bid

Por: MarketWatch Business December 12, 2023

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Choice is offering $49.50 a share in cash, plus 0.324 shares of its common stock, equal to a cash value of $40.50, based on Choice’s trading price as of Oct. 16, the last day before it announced its bid. “The offer looks to be unchanged from Choice’s previous highly conditional offer the Board reviewed and rejected, which failed to address the serious concerns repeatedly expressed by Wyndham,” the hotel chain said in a statement. Those... + full article



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