Wyndham Hotels & Resorts (WH) announced that its board of directors, following a review with its outside financial and legal advisors, has unanimously determined the unsolicited exchange offer from Choice Hotels (CHH) to acquire all outstanding shares of Wyndham is not in the best interests of Wyndham and its shareholders. The Wyndham board of directors unanimously recommends that shareholders not tender any of their shares into the Offer.
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Read More on WH:
- Wyndham Hotels & Resorts price target raised by $6 at JPMorgan
- Wyndham Confirms Receipt and Review of Unsolicited Exchange Offer from Choice
- Wyndham confirms receipt of ‘highly conditional’ offer from Choice Hotels
- M & A News: Choice (NYSE:CHH) Initiates Hostile Bid for Wyndham
- Choice Hotels launches exchange offer to acquire Wyndham Hotels & Resorts
