Wyndham Rejects Choice Hotels' $7.8B Takeover Offer
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.