Choice Hotels International (CHH) announced its intention to offer $400 million aggregate principal amount of senior notes due 2022 after the close Tuesday. The company intends to use the net proceeds from the notes offering to pay during 2012 a special cash dividend of approximately $600 million in the aggregate to the company's stockholders.
Choice Hotels International gapped up and spiked sharply higher at the open Wednesday, before settling into a range. Shares finished up by 2.74 at $40.98 on the highest volume of the year. The stock rose above resistance and set a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.