CHH / Choice Hotels' hostile bid for Wyndham Hotels may result in a proxy battle, Truist says

Choice Hotels (CHH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared w more_horizontal

Choice Hotels' (CHH) bid to acquire Wyndham (WH) at $90 per share, a mix of stock and cash, faces resolute rejection. more_horizontal

Choice Hotels International Inc.'s hostile bid for Wyndham Hotels & Restaurants Inc. could result in a potential proxy battle, says Truist Securities. more_horizontal

The stock of Wyndham Hotels & Resorts Inc. (WH) rose more than 8% in trading Tuesday after Choice Hotels International Inc. (CHH) proposed to acquire more_horizontal

Jody Lurie, credit analyst with Bloomberg Intelligence, joins Bloomberg Radio to discuss Wyndham rejecting the Choice Hotels takeover. Watch Bloomberg more_horizontal

CHH sees its EBITDA expanding by +10% in fiscal 2024 as per the company's most recent financial guidance. In contrast, the consensus FY 2024 EBITDA gr more_horizontal

A potential combination would marry Choice Hotels' brands such as Econo Lodge, Quality Inn and Clarion with Wyndham's Days Inn and Travelodge, offerin more_horizontal

Wyndham Hotels & Resorts Inc (NYSE: WH) jumped more than 10% today after Choice Hotels International Inc (NYSE: CHH) announced a hostile bid to takeov more_horizontal