The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:** Activist investor Marcato Capital Management has hired an investment bank to advise it on strategy at InterContinental Hotels Group Plc, three months after reports the firm had rebuffed a 6 billion pounds ($10 billion) takeover bid.
InterContinental Hotels Group PLC (IHG) is a global hotel company, operating nine brands internationally. Shares of IHG traded higher by 0.48% or $0.1923/share to $39.85. In the past year, the shares have traded as low as $29.59 and as high as $45.18. On average, 260617 shares of IHG exchange hands on a given day and today's volume is recorded at 166201.
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