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InterContinental Hotels Rejects Takeover Bid From U.S.: Sky 2014-05-24 12:03:09.566 GMT
By Max Julius May 24 (Bloomberg) -- InterContinental Hotels Group has rejected a takeover bid from the U.S. that valued the co. at ~GBP6b, Sky News says, citing unidentified sources. Sky also reported today: * InterContinental’s board met a few weeks ago to consider offer; dismissed it as too low * U.S.-based bidder not identified * Co. is braced for the bidder or a rival to return * Unidentified spokeswoman for InterContinental declined to comment
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To contact the reporter on this story: Max Julius in London at +44-20-3525-8917 or mjulius4@bloomberg.net
To contact the editor responsible for this story: Max Julius at +44-20-3525-8917 or mjulius4@bloomberg.net