Choice ends hostile bid for Wyndham Hotels-March 2024-www.financetom.com

Choice ends hostile bid for Wyndham Hotels

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Choice ends hostile bid for Wyndham Hotels

Mar 11, 2024 4:22 AM

March 11 (Reuters) - Choice Hotels International ( CHH )

said on Monday it has terminated its hostile bid for rival

Wyndham Hotels & Resorts ( WH ) after failing to gather enough

support from the target's shareholders.

The company will also withdraw its nomination of independent

director candidates for election at Wyndham's 2024 annual

meeting.

Choice said its board had authorized an increase of 5

million shares to its repurchase program.

(Reporting by Aishwarya Jain in Bengaluru; Editing by Shilpi

Majumdar and Sriraj Kalluvila)

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