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Stock Market & Financial Investment News

News Breaks
May 28, 2014
07:25 EDTIHG, HOTStarwood 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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December 18, 2014
10:01 EDTHOTOn The Fly: Analyst Initiation Summary
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06:34 EDTHOTStarwood initiated with a Buy at Evercore ISI
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December 16, 2014
07:13 EDTIHGInterContinental agrees to acquire Kimpton Hotels & Restaurants for $430M
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December 15, 2014
09:19 EDTHOTStarwood signs agreement with Hoteli Dubrovačka Rivijera to open Sheraton
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December 9, 2014
08:18 EDTHOTStarwood to debut first Luxury Collection hotel in Japan
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December 8, 2014
07:09 EDTHOTStarwood price target raised to $85-$90 from $77-$82 at Wells Fargo
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December 4, 2014
07:21 EDTHOTStarwood management to meet with Deutsche Bank
Meeting to be held on New York on December 4 hosted by Deutsche Bank.

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