Choice Hotels urges Wyndham stockholders to tender shares by March 8 deadline in exchange offer

CHOICE HOTELS INTERNATIONAL INC /DE

Offer value of $90 per share: $49.50 cash plus 0.324 Choice shares, based on Choice's Oct 16, 2023 price.
Exchange offer expires 5:00 p.m. ET on March 8, 2024; Choice may extend or terminate based on participation.
Choice claims progress on regulatory requests and offered above-market protections including reverse termination fee.
Wyndham has not provided due diligence access or feedback on transaction terms, limiting ability to enhance offer.
Tendering does not obligate acceptance; shares can be withdrawn if offer is extended (notice by March 11).

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