Choice Hotels Ends $7.8 Billion Takeover Bid for Wyndham
CHHChoice Hotels(CHH) Investopedia·2024-03-12 00:00

Key TakeawaysChoice Hotels on Monday ended its takeover bid for Wyndham Hotels, which had been valued at about $7.8 billion.Choice said it generated positive interest in the deal among Wyndham's shareholders, but overall it felt there was no path to complete the acquisition.Wyndham called Choice's offer "inadequate and uncertain" in its own statement and letter to shareholders.Choice's stock was up more than 4% in late-morning trading Monday, while Wyndham shares were up about 0.9%.Choice said its board has ...