InterContinental Hotels Jumps on Report of Starwood Talks

Discussion in 'IHG | Rewards Club/Ambassador' started by jonspencer, Jul 30, 2015.  |  Print Topic

  1. jonspencer

    jonspencer Silver Member

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    this would be dreadful news IMO if they were to merge :eek:

    InterContinental Hotels Group Plc jumped in London trading after the Financial Times reported the company has held early-stage merger talks with Starwood Hotels & Resorts Worldwide Inc.

    InterContinental, Europe’s second-largest publicly traded hotel company, gained as much 5.5 percent and was up 3.7 percent at 2,719 pence at 4:17 p.m. London time. Starwood was little changed at $83.25 in New York trading.

    A merger would create a the world’s largest hotel operator, with more than 1 million rooms in 100 countries. The talks are tentative and Starwood may chose a different partner or follow another strategy, the FT reported, citing two people familiar with the discussions.
     
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  2. mattsteg
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    mattsteg Gold Member

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    Not something I see having a customer-poaitive outcome...rather scares me.
     
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  3. Sammich

    Sammich Gold Member

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    Ohhh boy...
     
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  4. sendaiben
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    sendaiben Gold Member

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    Noooooooooooooooo
     
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