Wyndham (WH) Board Of Directors Rejects Unsolicited Proposal From Choice (CHH)

Wyndham Rejects Takeover Offer From Choice Hotels - WSJ

October 17, 2023 10:57 AM EDT

(Updated - October 17, 2023 11:02 AM EDT)

Wyndham Rejects Takeover Offer From Choice Hotels - WSJ

Wyndham Hotels & Resorts reportedly rejected a $90/sh takeover offer by Choice Hotels."Bid Undervalues Wyndham's Growth Potential, Involves Significant Risk" - said an unnamed Wyndham executive.... More

Wyndham Hotels & Resorts, Inc. (WH) Halted, News Pending

October 17, 2023 10:39 AM EDT

Wyndham Hotels & Resorts, Inc. (NYSE: WH) Halted, News Pending

... More

Goldman, Bank of America, Johnson&Johnson rise premarket; Lockheed Martin falls

October 17, 2023 8:06 AM EDT

Investing.com -- U.S. futures slipped lower Tuesday, handing back some of the previous sessions gains as investors digest more influential quarterly earnings.

Here are some of the biggest premarket U.S. stock movers today:

Goldman Sachs (NYSE: GS) stock rose 0.2% in volatile trade after the investment bank's profit came in better than expected in the third quarter, but was still weighed down by a writedown on its GreenSky fintech business and its investments in real... More

Wyndham rejects Choice Hotels' $7.8 billion takeover bid

October 17, 2023 6:45 AM EDT

By Priyamvada C

(Reuters) -U.S. budget hotel operator Wyndham Hotels and Resorts on Tuesday rejected rival Choice Hotels' $7.8 billion cash-and-stock acquisition offer, calling it "underwhelming" and citing regulatory risks around a possible combination.

With nearly 1.5 million rooms worldwide between the two hotel groups, the combined entity could attract regulatory scrutiny, analysts said.

Wyndham's shares jumped as much as 13% to $78.48, but were well below the $90 per share offer price, which was at a 30% premium to the stock's close on Monday.

Earlier on Tuesday, Choice Hotels went public with its offer to buy Wyndham after months-long private talks... More

Choice Hotels goes public with $7.8B offer for rival Wyndham after talks break down

October 17, 2023 6:43 AM EDT

Choice Hotels International, Inc. (NYSE: CHH) disclosed it made an offer to acquire rival Wyndham Hotels & Resorts, Inc. (NYSE: WH) for $90 per share in cash and stock. The two have been in merger talks for six months but Wyndham has since disengaged, Choice Hotels states.

"A few weeks ago, Choice and... More