Libyan Investment Authority launches hostile takeover of South Africa’s Legacy Hotels
The Libyan Investment Authority, the country’s sovereign wealth fund, has launched a hostile takeover bid for one of SA’s premier hospitality groups, Legacy Hotels, following a bitter boardroom fallout, putting a multibillion-rand property portfolio…
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Choice Hotels goes hostile in $8 billion takeover bid for Wyndham after being repeatedly rebuffed
Choice Hotels is launching a hostile takeover offer for Wyndham Hotels & Resorts after repeated attempts to reach a deal with the rival hotel chain were rebuffed…
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Choice to nominate directors for Wyndham Board
During the company's third-quarter earnings call in early November, Choice Hotels International’s new CFO Scott Oaksmith said that Choice had become a “nominal shareholder” of Wyndham Hotels & Resorts as part of its efforts to acquire Wyndham’s…
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Wyndham board deems Choice Hotels' new offer "a step backwards"
U.S. hotel operator Wyndham Hotels and Resorts (WH.N) said on Tuesday a new letter from Choice Hotels (CHH.N) "represents a step backwards" and the terms outlined are not in the best interests of Wyndham or its shareholders…
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Wyndham’s Reasoning Behind Refused Choice Takeover
Choice Hotels announced an unsolicited offer to Wyndham’s shareholders on Tuesday, after negotiations had broken down. Wyndham later on that day released information on why they refused Choice’s proposal that centered on future growth prospects…
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