{"id":169723,"date":"2024-03-11T17:27:47","date_gmt":"2024-03-11T16:27:47","guid":{"rendered":"https:\/\/www.voyages-d-affaires.com\/?p=169723"},"modified":"2024-03-11T17:37:44","modified_gmt":"2024-03-11T16:37:44","slug":"wyndham-choice-opa-abandonment","status":"publish","type":"post","link":"https:\/\/www.voyages-d-affaires.com\/en\/wyndham-choice-opa-abandonment","title":{"rendered":"Choice vs. Wyndham: game, set and match Wyndham"},"content":{"rendered":"

This is the end of a drama that has been shaking up the American hotel industry for almost a year. Launched into a hostile takeover bid by its competitor Wyndham, Choice Hotels has thrown in the gloves<\/strong> on the expiry of its unsolicited share exchange offer. Wyndham's CEO, Geoff Ballotti, was delighted: \"\u00a0We would like to thank our shareholders and franchisees for their continued support, and our team members for their dedication and focus throughout this process.<\/em>\" .<\/p>\r\n\r\n\r\n\r\n

Discussions between the two parties began in April 2023<\/a>In October, Wyndham's board of directors rejected an offer of nearly 8 billion dollars, which they considered to be a very reasonable price. \"disappointing<\/em>\" . Since then, Wyndham had spared no effort to avoid this outcome<\/strong>He urged shareholders to avoid making \"the wrong choice\". For his part, Patrick Pacious, CEO of Choice Hotels, said he was convinced that such a merger was \"the right choice\".\u00a0in everyone's interest<\/em>\u00a0\"This would accelerate the organic growth of Choice and Wyndham over the long term.<\/p>\r\n\r\n\r\n\r\n