08:12 AM EDT, 03/11/2024 (MT Newswires) -- Choice Hotels International ( CHH ) said Monday that its exchange offer to buy all of the issued and outstanding shares of Wyndham Hotels & Resorts ( WH ) expired on Friday.

The company is also withdrawing its nomination of independent directors from Wyndham's board at its 2024 annual meeting, Choice Hotels ( CHH ) added.

No shares of Wyndham were bought by Choice Hotels' ( CHH ) WH Acquisition Corporation unit.

The lodging franchisor also said that its board has approved an increase of shares authorized under its stock buyback plan by five million shares. The company now has a total of roughly 6.8 million shares authorized to be repurchased.

Wyndham Hotels did not immediately respond to MT Newswires' request for comment.

Shares of Choice Hotels ( CHH ) were up over 3% in recent Monday premarket activity, while Wyndham Hotels were down 5.3%.

Price: 125.2, Change: +4.17, Percent Change: +3.45