Berenberg analysts suggest IHG could be taken over by Starwood or Hilton or could buy Hyatt | theguardian.com

InterContinental Hotels climbs as City considers merits of a £7bn deal with rival

InterContinental Hotels Group could be a takeover target for rivals, analysts believe, with a £7bn offer enough to secure board agreement. Activist investor Marcato Capital - which owns 4% of IHG - last month called for the company to merge with one of its peers to boost shareholder value. Now Berenberg, which has issued a buy note with a £27.50 price target, says the company could merge or take over Hyatt but is more likely to be prey than...