Marcato Capital Urges Intercontinental To Look For A Merger – ValueWalk Premium
Marcato Capital International Hotels Group

Marcato Capital Urges Intercontinental To Look For A Merger

After InterContinental Hotels Group PLC (ADR) (NYSE:IHG) (LON:IHG) reportedly turned down a $10 billion bid from an unnamed US company, activist hedge fund Marcato Capital Management LP issued a statement saying that the hotel chain should be on the lookout for a similar deal. And now that his interest is sparked, it wouldn’t be surprising if Marcato Capital founder Mick McGuire starts looking for a good deal to propose on his own.

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