corporate buyout
Wyndham Board of Directors Sends Letter to Shareholders Highlighting Clear Path to Deliver Value Substantially in Excess of Choice’s Inadequate
Wyndham Hotels & Resorts | March 11, 2024
Urges Shareholders to Protect Their Investment and the Future of Wyndham by Supporting Only Wyndham's Eight Highly-Qualified Director Nominees Encourages Shareholders to Visit StayWyndham.com for More Information PARSIPPANY, N.J., March 11, 2024 -- The Board of Directors of Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham" or the "Company"), the world's largest hotel franchising company with approximately 9,200 hotels spanning more than 95 countries, sent a letter to shareholders urging them to protect their investment and the future of Wyndham by supporting only Wyndham's eight highly-qualified Director nominees and not the nominees fr...
Wyndham Comments on Expiration of Choice’s Unsolicited Exchange Offer and Withdrawal of Director Nominees...
Wyndham Hotels & Resorts | March 11, 2024
PARSIPPANY, N.J., March 11, 2024 -- Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham") today commented on the expiration of Choice Hotels International, Inc.'s (NYSE: CHH) ("Choice") exchange offer and its decision to withdraw its slate of nominees for election to Wyndham's Board of Directors at the 2024 Annual Meeting of Shareholders: "The Wyndham Board is pleased that Choice has ended its hostile pursuit and proxy contest, following the expiration of its unsolicited exchange offer," said Stephen P. Holmes, Chairman of the Board. "We are confident in Wyndham's standalone strategy and growth prospects under the leadership of our proven...
Choice Hotels Provides Update on Exchange Offer and Proposal to Acquire Wyndham Hotels & Resorts...
Choice Hotels | March 11, 2024
Announces Expiration of Exchange Offer and Withdrawal of Independent Director Candidates for Election at Wyndham's 2024 Annual Meeting Increases Share Repurchase Authorization Projects to Continue Delivering Strong Earnings Growth NORTH BETHESDA, Md., March 11, 2024 -- Choice Hotels International, Inc. (NYSE: CHH) (the "Company" or "Choice") today announced the expiration of the exchange offer to acquire all of the issued and outstanding shares of Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham"). The Company is also withdrawing its nomination of the highly qualified, independent director candidates for election at Wyndham's 2...
Choice Hotels Launches Exchange Offer to Acquire All Outstanding Shares of Wyndham Hotels & Resorts...
Choice Hotels® | December 12, 2023
Discloses Ownership Position of More Than $ 110 Million of Wyndham Stock Preparing to Nominate Candidates to the Wyndham Board of Directors Commences the Regulatory Approval Process NORTH BETHESDA, Md., Dec. 12, 2023-- Choice Hotels International, Inc. (NYSE: CHH) (the "Company" or "Choice"), today announced that it is commencing an exchange offer to acquire Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham") in order to present its compelling proposal directly to Wyndham shareholders. Choice continues to believe that a transaction with Wyndham is pro-competitive and would generate value for both Wyndham and Choice shareholders as...
Wyndham Confirms Receipt and Review of Unsolicited Exchange Offer From Choice...
Wyndham Hotels & Resorts | December 12, 2023
Offer Terms Remain Unchanged and Highly Conditional Shareholders Urged Not to Take Action at This Time PARSIPPANY, N.J., Dec. 12, 2023 -- Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham" or the "Company"), the world's largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, today confirmed that Choice Hotels International, Inc. (NYSE: CHH) ("Choice"), has commenced an unsolicited exchange offer to acquire all outstanding shares of Wyndham common stock. The offer proposed by Choice appears unchanged from the terms outlined in a letter to Wyndham dated November 14, 2023 and is currently valued at a...
