Choice Hotels Asks Wyndham Hotels and Resorts to Engage in Merger Talks

Choice Hotels said on Wednesday that it had asked the board of U.S. budget hotel operator Wyndham Hotels and Resorts to engage in merger talks.

This comes about a week after Wyndham rejected Choice’s $7.8 billion acquisition offer, deeming it “underwhelming” and citing regulatory risks around a potential deal.

“We respect Wyndham’s desire to achieve the best outcome for its shareholders, but that can’t happen if Wyndham unilaterally ends our discussions,” Choice CEO Patrick Pacious said.

Read the source article at Yahoo Finance