{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-054126","form_type":"8-K","ticker":"WH","cik":"0001722684","company_name":"WYNDHAM HOTELS & RESORTS, INC.","filed_at":"2023-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.182804+00:00","generated_at":"2026-06-07T22:45:28.402475+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Wyndham rejects Choice's revised $86/share bid; cites regulatory risk and low reverse termination fee","bullets":["Choice's revised offer valued at $86/share (down from $90); Wyndham board unanimously rejects it.","Wyndham cites two-year regulatory limbo risk, low 6% ($435M) reverse termination fee insufficient.","Wyndham reaffirms standalone growth; points to AAHOA opposition and franchisee uncertainty from Choice.","No changes to consideration form; Wyndham demands all-cash or better terms to address concerns."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-054126","json":"https://secwatch.observer/filing/0001140361-23-054126.json","markdown":"https://secwatch.observer/filing/0001140361-23-054126.md","text":"https://secwatch.observer/filing/0001140361-23-054126.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1722684/000114036123054126/0001140361-23-054126-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1722684/000114036123054126/ef20015038_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T22:45:28.402475+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}