Choice Hotels Has Talked to Investors With 40% of Wyndham Shares
Photo Caption: The Wyndham Orlando Conference Center Celebration, owned by AD1 Global, in Florida. Source: Wyndham.
Skift Take
Wyndham didn't say it had returned to the deal talks with Choice Hotels last week, but Choice says it did. Choice is also wooing many of Wyndham's key investors. The saga is getting more intense.
Choice Hotels International’s hostile buyout offer of rival Wyndham Hotels & Resorts has entered a new phase: recriminations.
Choice Hotels said on Wednesday that institutional shareholders representing 40% of Wyndham's total outstanding shares have talked with Choice about its recent offer to exchange their shares for Choice shares or cash.
"Since launching the exchange offer, we have engage
