---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-057367"
form_type: "8-K"
ticker: "WH"
cik: "0001722684"
company_name: "WYNDHAM HOTELS & RESORTS, INC."
filed_at: "2023-12-12T23:59:59+00:00"
generated_at: "2026-06-07T14:17:33.980123+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Wyndham confirms unsolicited exchange offer from Choice at ~$86/share

## Summary
- Choice Hotels commenced unsolicited exchange offer to acquire all Wyndham shares at ~$86 per share.
- Wyndham Board will evaluate offer but previously rejected it as highly conditional and undervaluing the company.
- Choice owns less than 1.7% of Wyndham and is restricted from further purchases without antitrust approval.
- Wyndham urges shareholders not to take action until Board recommendation, due within 10 business days.
- Board cites concerns over antitrust timeline (~24 months), undervaluation of Wyndham growth, and Choice leverage.

## SEC filing metadata
- accession: 0001140361-23-057367
- form_type: 8-K
- ticker: WH
- cik: 0001722684
- company_name: WYNDHAM HOTELS & RESORTS, INC.
- filed_at: 2023-12-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722684/000114036123057367/0001140361-23-057367-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722684/000114036123057367/ef20016530_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-057367
- JSON: https://secwatch.observer/filing/0001140361-23-057367.json
- Plain text: https://secwatch.observer/filing/0001140361-23-057367.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.