Choice Hotels Calls On Wyndham Hotels & Resorts To Engage In Discussions; Strongly Urges Wyndham To Return To The Negotiating Table
Portfolio Pulse from Benzinga Newsdesk
Choice Hotels has urged Wyndham Hotels & Resorts to return to the negotiating table, proposing a $90.00 per share offer. This represents a 14.9x multiple of Wyndham's consensus 2023 EBITDA estimates, a forward multiple that Wyndham has never achieved without COVID disruptions.
October 25, 2023 | 8:03 pm
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NEUTRAL IMPACT
Choice Hotels is urging Wyndham to negotiate a deal, which could potentially impact its stock price.
The news of Choice Hotels urging Wyndham to negotiate a deal could potentially impact its stock price. However, the direction of the impact is uncertain as it depends on the outcome of the negotiations and the market's reaction to it.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Wyndham's stock price could be impacted by Choice Hotels' proposal of $90.00 per share.
The news of Choice Hotels' proposal could potentially impact Wyndham's stock price. However, the direction of the impact is uncertain as it depends on the outcome of the negotiations and the market's reaction to it.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100