InterContinental Hotels brushes off takeover speculation | independent.co.uk

The chief executive of InterContinental Hotels Group has brushed off speculation about a £6 billion takeover approach, insisting that the company can grow under its own management. A major investor in the FTSE 100 hotels giant, hedge fund Marcato Capital Management, last week urged InterContinental to consider a tie-up with a rival, rather than fall prey to a foreign bid — the £6 billion offer came from an unnamed US suitor.