Choice Hotels International pressed ahead with its $8 billion hostile bid for Wyndham Hotels & Resorts on Monday by nominating a slate of directors to replace Wyndham’s eight-member board. It is Choice’s latest attempt to break a stalemate after trying for most of the last year to negotiate a deal with Wyndham, which has rebuffed the bid as low-premium and fraught with antitrust risk. Wyndham has also raised concerns about the combined company carrying too much debt and a slowdown in Choice’s business.
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