Choice Hotels shares are trading lower after the company made an offer to acquire Wyndham Hotels & Resorts.
Portfolio Pulse from Benzinga Newsdesk
Choice Hotels has made an offer to acquire Wyndham Hotels & Resorts, causing its shares to trade lower.
October 17, 2023 | 2:52 pm
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Choice Hotels' shares are trading lower after the company made an offer to acquire Wyndham Hotels & Resorts.
The news of the acquisition offer has led to a decrease in Choice Hotels' share price. This is likely due to the potential financial burden and risks associated with acquisitions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100