Wyndham Hotels & Resorts shares are trading lower after Choice Hotels International announced the expiration of the exchange offer to acquire all issued and outstanding shares of the company. Choice Hotels withdrew its nomination of its independent director candidates for election at Wyndham's 2024 annual meeting of stockholders.
Portfolio Pulse from Benzinga Newsdesk
Wyndham Hotels & Resorts (WH) shares are trading lower following Choice Hotels International's announcement of the expiration of their exchange offer to acquire WH. Choice Hotels also withdrew its nomination of independent director candidates for Wyndham's 2024 annual meeting.
March 11, 2024 | 11:56 am
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Wyndham Hotels & Resorts shares are trading lower after Choice Hotels International ended its acquisition bid and withdrew director nominations for WH's 2024 annual meeting.
The withdrawal of the acquisition bid by Choice Hotels and the withdrawal of director nominations could lead to negative investor sentiment towards WH, potentially impacting its stock price negatively in the short term.
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IMPORTANCE 90
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