Wyndham Hotels & Resorts has shaken off a nearly year-long takeover attempt. Announcing that it does not see a path to a deal, “particularly when taking into account the Wyndham board’s obvious continuing disinterest”, Choice Hotels International has withdrawn its share purchase offer and a proposed slate of directors for Wyndham’s board.
In announcing its retreat, Choice Hotels characterized the pursuit as an attempt “to engage in good-faith negotiations with Wyndham…
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