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  "documentTitle": "2023 12 Investor Presentation",
  "authorId": "Choice-Hotels",
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      "text": "By 'starting the clock' now on the regulatory approval process, Choice is demonstrating its focus on securing approvals and delivering certainty to stakeholders regarding the timing to complete the transaction.",
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      "text": "Choice strongly believes that the transaction is pro-competitive and will benefit all stakeholders, including Wyndham and Choice's franchisees, shareholders, associates, and guests\nChoice commenced the process to obtain regulatory approval under the Hart-Scott-Rodino (HSR) Act on December 12, 2023\nBy 'starting the clock' now on the regulatory approval process, Choice is demonstrating its focus on securing approvals and delivering certainty to stakeholders regarding the timing to complete the transaction\nThis process may involve requests for additional information from the Federal Trade Commission and Wyndham's cooperation will make the process more efficient\nCommitment to any actions requested by regulators to obtain requisite approvals so long as such actions do not have a material adverse effect on the combined company",
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