Wednesday, May 16, 2007

InterContinental Hotels says not in takeover talks

(Reuters) - Companies are restricted from buying their own shares when they are in takeover talks.

The group said on Monday that Ellerman Corp., controlled by property and investment tycoons the Barclay brothers, had raised its stake in InterContinental to 9.16 percent from 8.19 percent.


Read more at Reuters.com Hot Stocks News

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