Choice Hotels ends Wyndham acquisition bid, boosts buyback by 5M shares

CHOICE HOTELS INTERNATIONAL INC /DE

Exchange offer expired March 8; no shares bought; Choice withdrew director nominee slate for Wyndham 2024 meeting.
Board increased share repurchase authorization by 5M shares, bringing total available to ~6.8M shares.
Company projects 2024 adjusted EBITDA growth of ~10% at midpoint, driven by Radisson synergies and credit card program.
Choice cites standalone strategy and disciplined capital allocation; no further acquisition attempts at this time.

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