Wyndham board urges shareholders to reject inadequate and highly conditional choice exchange offer

Board unanimously recommends wyndham shareholders not tender shares choice ignores significant regulatory and business risks and misleads wyndham shareholders and other stakeholders with continued inconsistent and inaccurate statements wyndham board believes the company can deliver long-term shareholder value in excess of the current $85 per share in cash and stock offered by choice visit staywyndham.com, where shareholders and franchisees can get the facts parsippany, n.j., dec. 18, 2023 /prnewswire/ -- wyndham hotels & resorts (nyse: wh) ("wyndham" or the "company"), today announced that its board of directors, following a comprehensive review with its outside financial and legal advisors, has unanimously determined the unsolicited exchange offer (the "offer") from choice hotels international, inc. (nyse: chh) ("choice") to acquire all outstanding shares of wyndham is not in the best interests of wyndham and its shareholders.
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