Choice Hotels CEO talks $8,000,000,000 exchange offer to Wyndham

Choice Hotels (CHH) has announced a takeover bid of Wyndham Hotels & Resorts (WH) valued at $8 billion through an exchange offer to Wyndham shareholders. Choice's previous offers in recent months have been rejected by Wyndham leadership.

Choice Hotels International CEO and President Patrick Pacious joins Yahoo Finance Live to discuss the details of the new offer and its reception from Wyndham's executive suite and shareholders alike.

Pacious explains the details of this exchange offer, describing it as the "blueprint" of the proposal to Wyndham shareholders while prior attempts have warranted no "constructive engagement" from Wyndham's board.

Pacious insists that despite tensions during negotiations, “misalignment” between Wyndham shareholders and its board presents an opportunity to let shareholders make the ultimate decision.

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