InterContinental Hotels Group shares gain on bid hopes – market report
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InterContinental Hotels Group (IHG) shares gained 2.9% yesterday, 1 July on hopes of a bid for the UK-based hotels operator, the Daily Express reported. The newspaper’s market report section did not cite a source for the speculation.
IHG’s share price closed 75p up at 2641p in London yesterday, valuing the company at GBP 6.23bn (EUR 8.78bn).
The report appeared on page 54 of the Daily Express on 2 July.
Source Daily Express