Wyndham Rejects Choice Hotels' $7.8B Takeover Offer
TL;DR Summary
Choice Hotels has publicly announced a $7.8 billion takeover offer for Wyndham Hotels & Resorts, aiming to merge two of the largest budget hotel owners in the US. The companies had been in talks for several months before breaking off last month. Wyndham has rejected the offer, citing concerns about risk and undervaluation of its growth potential.
Topics:top-news#budget-hotel-owners#business#choice-hotels#growth-potential#takeover-offer#wyndham-hotels-and-resorts
- Choice Hotels Unveils $7.8 Billion Takeover Offer For Wyndham - WSJ The Wall Street Journal
- Choice Hotels CEO on Wyndham hostile bid: A real opportunity for both sets of shareholders CNBC Television
- Wyndham Rejects Choice Hotels’ $9.8 Billion Takeover Bid Yahoo Finance
- Wyndham rejects $7.8B hostile bid from Choice Hotels Fox Business
- Choice Hotels offers to buy Wyndham Hotels for $90/share, cash and stock CNBC Television
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
0 min
vs 1 min read
Condensed
34%
87 → 57 words
Want the full story? Read the original article
Read on The Wall Street Journal