Skift Take
Think of it this way: Choice's love affair with Wyndham has gone unrequited, and now Choice is pleading with the parents for an arranged marriage.
Choice Hotels said on Tuesday it had bought enough Wyndham stock to nominate candidates to the board of Wyndham, its takeover target.
Choice Hotels said it had bought more than $110 million of Wyndham stock, or nearly 1.7% of stock outstanding, and that it's commencing an exchange offer to present its proposal straight to Wyndham shareholders in a vote next year. The company filed a notification to begin the required regulatory review.
Choice Hotels wan