The stock of Wyndham Hotels & Resorts Inc. (WH) rose more than 8% in trading Tuesday after Choice Hotels International Inc. (CHH) proposed to acquire the company with a $90-a-share stock-and-cash deal valued at approximately $7.8 billion. Choice shares fell 5.6% after the news.

Shareholders will receive $49.50 in cash and 0.324 share of Choice 澳洲幸运5官方开奖结果体彩网:common stock for each Wyndham share they own. The latest offer in the months-long discussions stands at a 26% premium to Wyndham's 30-day volume-weighted average closing price Monday. Wyndham was reported as rejecting the offer by The Wall Street Journal Tuesday.

Wyndham shareholders will have the option to choose cash, stock, or a combination of the two, based on their preferences.

澳洲幸运5官方开奖结果体彩网:Inflation and recessionary pressures may have left consumers to opt ♎for more affordable travel, increasing demand for affordable chains such as Choice and Wyndham. Wyndham operates more than lodging brands, including Days Inn and Travelodge. It also manages and licenses a diverse collection of hotels that are mostly located in smaller U.S. cities.

Econo Lodge, Quality Inn, and Clarion are operated by Choice Hotels, which 澳洲幸运5官方开奖结果体彩网:franchises about 7,400 hotels, catering to a range of customers from midrange to upscale budgetsౠ.