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Stock Market & Financial Investment News

News Breaks
May 28, 2014
07:25 EDTHOT, IHGStarwood may have considered buying IHG in Q1, says FBR Capital
After The Sunday Times reported that InterContinental Hotels (IHG) turned down a takeover bid from an unknown U.S. bidder, FBR said the transaction would have made sense for Starwood Hotels (HOT). The firm believes Starwood may have considered the idea in Q1 since the company did not repurchase any shares. However, it notes recent commentary from management indicates he company intends to exhaust the remaining $614M share buyback authorization before the end of the year, signaling that such a transaction is no longer in the works. FBR views a potential acquisition of InterContinental by Starwood as a "low probability."
News For HOT;IHG From The Last 14 Days
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January 28, 2015
09:59 EDTIHGOn The Fly: Analyst Downgrade Summary
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05:25 EDTIHGInterContinental downgraded to Hold from Buy at Deutsche Bank
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January 26, 2015
08:33 EDTHOTStarwood expands presence in Germany with Shraton Berlin Grand Hotel
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January 23, 2015
08:01 EDTHOTStarwood expects another year of accelerated growth in North America
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January 16, 2015
10:01 EDTHOTOn The Fly: Analyst Downgrade Summary
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06:26 EDTHOTStarwood downgraded to Neutral from Buy at BofA/Merrill
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