Choice hotels proposes to acquire wyndham hotels & resorts for $90.00 per share in cash-and-stock transaction

Represents 26% premium to 30-day vwap ending on october 16, 2023, 11% premium to 52-week high, and 30% premium to latest closing price significantly enhances the return on investment for choice and wyndham franchisees provides a compelling range of lodging options and price points well-positioned to serve evolving needs of the value-driven traveler annual run-rate synergies of approximately $150 million anticipated while accelerating opportunities for sustained long-term growth rockville, md. , oct. 17, 2023 /prnewswire/ -- choice hotels international, inc. (nyse: chh) (the "company" or "choice"), today announced a proposal to acquire all the outstanding shares of wyndham hotels & resorts, inc. (nyse: wh) ("wyndham") at a price of $90.00 per share, payable in a mix of cash and stock.
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