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WYNDHAM SUITOR IS UNPREPARED TO CHECK IN JUST YET

Geoffrey Ballotti, CEO of Wyndham Hotels & Resorts, Inc. speaks on the floor at
the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023.

Source: REUTERS/Brendan McDermid





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18 Oct 2023 | By   Jonathan Guilford Follow @JMAGuilford


After months of talks, rival hotelier Choice went public with a $10 bln offer,
putting pressure on its target’s board. Despite a 38% premium, the deal lacks a
compelling valuation and could lard on heavy debt. It also glosses over
competition risks. There’s some tidying up to do.

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SUBJECTS:

Companies & FundsDealsLeisure/HotelsMergers & Acquisitions


REGIONS:

AmericasUnited States of America


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