Choice Hotels (CHH) has nominated a slate of eight directors to replace Wyndham’s (WYN) current board, moving forward with its $8B hostile bid, Reuters’ Anirban Sen reports. According to sources, Choice’s slate of nominees includes hospitality industry veteran Jay Shah, Susan Schnabel, founder of aPriori Capital Partners which advises private equity on leveraged buyouts, and James Nelson, CEO of real estate investment trust Global Net Lease (GNL).
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Read More on CHH:
- Wyndham Hotels & Resorts confirms receipt of Second Request from FTC
- Wyndham Confirms Receipt of Expansive FTC Second Request Under HSR Act for Choice’s Unsolicited Hostile Offer to Acquire Wyndham
- Choice Hotels disputes ‘false and misleading antitrust claims’ made by Wyndham
- Choice Hotels Sets the Record Straight on Path to Regulatory Approval of Combination with Wyndham Hotels & Resorts
- Choice Hotels price target lowered to $122 from $128 at Morgan Stanley
