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Stock Market & Financial Investment News

News Breaks
August 4, 2014
06:22 EDTIHGMarcato looks to interest hotel companies in Intercontinental bid, WSJ says
Activist investors like Marcato Capital Management are pressing for overseas mergers to cut tax bills, reports the Wall Street Journal. According to people familiar with the matter, Marcato has tried to drum up interest from U.S. hotel companies by buying InterContinental. Marcato has tried to increase the perssure by hiring Houlihan Lokey and focusing on the possibility of a tax-beneficial merger. Reference Link
News For IHG From The Last 14 Days
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December 16, 2014
07:13 EDTIHGInterContinental agrees to acquire Kimpton Hotels & Restaurants for $430M
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