On January 22, 2024, Choice Hotels International, Inc. announced that it has pressed ahead with its $8 billion hostile bid for Wyndham Hotels & Resorts, Inc. by nominating a slate of directors, Jay Shah, Susan Schnabel, James Nelson, Fiona Dias, Barbara Bennett, Emanuel Pearlman, Nana Mensah, and William Grounds, to replace Wyndham Hotels & Resorts, Inc.'s 8-member board. Choice Hotels International stated that its latest attempt to break a stalemate after trying for most of the last year to negotiate a deal with the Company, which has rebuffed the bid as low-premium and fraught with antitrust risk. Choice Hotels International stated that the Company has also raised concerns about the combined Company carrying too much debt and a slowdown in Choice Hotels International's business.
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
70.48 USD | +1.71% | +3.43% | -12.27% |
Jun. 03 | Wyndham Hotels & Resorts Insider Sold Shares Worth $276,394, According to a Recent SEC Filing | MT |
May. 28 | Wyndham Hotels & Resorts Reprices $1.1 Billion Senior Loan B Facility Due 2030 | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-12.27% | 5.58B | |
+7.94% | 11.18B | |
-0.18% | 5.36B | |
-9.33% | 3.74B | |
+2.99% | 2.52B | |
+4.03% | 2.47B | |
-9.99% | 2.21B | |
+10.26% | 2.17B | |
+2.63% | 2.02B | |
+11.77% | 2.01B |
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- Choice Hotels International Nominates Candidates to the Board Wyndham Hotels & Resorts