{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-257245","form_type":"8-K","ticker":"CHH","cik":"0001046311","company_name":"CHOICE HOTELS INTERNATIONAL INC /DE","filed_at":"2023-10-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.019756+00:00","generated_at":"2026-06-09T22:22:58.575739+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Choice Hotels proposes to acquire Wyndham for $90/share, ~$7.8B equity value","bullets":["Total equity value ~$7.8B (enterprise value ~$9.8B); consideration 55% cash / 45% stock.","26% premium to 30-day VWAP, 11% premium to 52-week high, 30% premium to latest close.","Annual run-rate synergies of ~$150M; two Wyndham board seats planned.","Previous offers increased from $80 to $85 to $90; Wyndham disengaged after six months of dialogue.","Financing highly confident from two bulge bracket banks; no financing contingency."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-257245","json":"https://secwatch.observer/filing/0001193125-23-257245.json","markdown":"https://secwatch.observer/filing/0001193125-23-257245.md","text":"https://secwatch.observer/filing/0001193125-23-257245.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1046311/000119312523257245/0001193125-23-257245-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1046311/000119312523257245/d512528d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T22:22:58.575739+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"}