Choice Hotels Makes $7.8 Billion Hostile Bid for Wyndham After Failed Negotiations

Choice Hotels offered to acquire Wyndham Hotels & Resorts for $7.8 billion after talks broke down between the companies.
The proposed deal would combine Choice's 7,500 hotels with Wyndham's 9,300 hotels to create the largest budget hotel chain in North America.
Choice is offering $90 per share in cash and stock, valuing Wyndham at a 30% premium to its recent share price.
Wyndham raised concerns about the deal's regulatory approval and valuation of Choice's stock.
Choice remains confident in the benefits of the merger despite Wyndham's lack of engagement since terminating earlier negotiations.