Wyndham Hotels (WH) Stock Pops on Takeover Offer


  • Wyndham Hotels (WH) stock is up on a takeover offer.
  • Choice Hotels International (CHH) wants to acquire the company.
  • This has Choice offering a 30% premium for WH stock.
WH Stock - Wyndham Hotels (WH) Stock Pops on Takeover Offer

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Wyndham Hotels (NYSE:WH) stock is getting a boost on Tuesday as investors react to a takeover offer for the hotel management company.

Choice Hotels International (NYSE:CHH) is behind today’s takeover offer for Wyndham Hotels. The company is seeking direct support from WH stock investors after Wyndham’s Board of Directors refused to negotiate a deal.

Choice Hotels’ offer for Wyndham has it seeking to acquire the company for $49.50 in cash and 0.324 shares of CHH stock per share of WH. The company notes that this deal represents a 30% premium for WH stock.

Patrick Pacious, President and CEO of Choice Hotels International, said the following about the offer for Wyndham Hotels:

“It remains our goal to reach a mutually agreeable transaction, and there is potential for additional value to be unlocked if Wyndham were to return to the negotiating table and provide due diligence. We look forward to meeting with Wyndham’s shareholders in the days and weeks ahead and to continuing the regulatory approval process we’re starting this week.”

WH Stock Movement Today

WH stock isn’t seeing much movement on Tuesday even with the takeover offer. As of this writing, only about 150,000 shares have changed hands. For comparison, the company’s daily average trading volume is about 928,000 shares.

WH stock is up slightly while CHH stock is down slightly as of Tuesday morning.

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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2023/12/wyndham-hotels-wh-stock-pops-on-takeover-offer/.

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