Wyndham rises on buyout reports

Article Excerpt

WYNDHAM HOTELS & RESORTS, $70.14 (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares outstanding: 85.9 million; Market cap: $6.1 billion; Dividend yield: 2.0%) jumped recently on reports that Choice Hotels International (symbol CHH on New York) is seeking to buy the company. Both companies cater primarily to budget-conscious consumers on the road for leisure or extended work trips. Their budget brands include Days Inn and Econo Lodge. Whether Choice Hotels will decide to make a formal offer for Wyndham is uncertain. But either way, it points to the strong future prospects for Wyndham. Wyndham Hotels is a buy. buy. …