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. Marcato Capital – InterContinental Hotels merger could ‘reshape the global hospitality industry’ “We believe that a combination with a larger hotel operator would have compelling strategic and financial merit…