Choice Hotels Abandons $8 Billion Hostile Takeover of Wyndham

The decision follows months of failed negotiations and concerns over potential monopoly impacts.

Choice Hotels International ends its $8 billion hostile takeover bid for Wyndham Hotels & Resorts, citing Wyndham's refusal to engage constructively.
The deal's termination follows months of negotiations and multiple increased offers from Choice, amid opposition from Wyndham's board and some shareholders.
Sen. Elizabeth Warren had called for FTC scrutiny of the deal, highlighting concerns over potential monopoly and impact on hotel costs.
Stocks of both companies rose following the announcement, with Choice's stock increasing over 7% and Wyndham's by 2.35%.
The failed takeover bid would have combined nearly 17,000 properties under the Choice brand, significantly expanding its global footprint.