( ) -q-17- UNDATED (Correspondent Jeremy House) “eight-billion dollars.” Choice Hotels is launching a hostile takeover offer for Wyndham Hotels & Resorts after attempts to reach a deal with the hotel chain were rebuffed. [CutID: <Cuts> CHOICE-WYNDHAM-house-q-TUEam.mp3 Time: 17s Title: CHOICE-WYNDHAM-house-q-TUEam Out-cue: eight-billion dollars] TAG: Correspondent Jeremy House reporting. ————————— VERBATIM: Choice Hotels says its […]
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Choice Hotels launches hostile takeover bid for rival Wyndham after being repeatedly rebuffed
( ) -q-17- UNDATED (Correspondent Jeremy House) “eight-billion dollars.”
Choice Hotels is launching a hostile takeover offer for Wyndham Hotels & Resorts after attempts to reach a deal with the hotel chain were rebuffed.
[CutID: <Cuts> CHOICE-WYNDHAM-house-q-TUEam.mp3
Time: 17s
Title: CHOICE-WYNDHAM-house-q-TUEam
Out-cue: eight-billion dollars]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: Choice Hotels says its exchange offer remains the same as its last bid. The exchange offer gives Wyndham shareholders the chance to choose to receive all cash, all shares or a combination of the two. The offer puts the value of the deal at about $8 billion.