Wyndham Hotels & Resorts shares are trading higher after Choice Hotels proposed to acquire the company for $90.00 per share, payable in a mix of cash and stock.
Portfolio Pulse from Benzinga Newsdesk
Choice Hotels has proposed to acquire Wyndham Hotels & Resorts for $90.00 per share, payable in a mix of cash and stock. This has led to a rise in Wyndham's share price.
October 17, 2023 | 11:16 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wyndham Hotels & Resorts' shares are trading higher following the acquisition proposal from Choice Hotels.
The acquisition proposal from Choice Hotels has led to a positive market reaction, causing Wyndham's share price to rise. This indicates investor confidence in the potential deal and its value proposition.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100