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InterContinental Hotels Group has shot down speculation that it is planning a sale or merger of the company.
Bloomberg reported that the company was “exploring strategic options” after generating market interest.
However, IHG has now poured cold water on the rumour.
"Following recent market speculation, the board of directors of IHG states that it is not considering a potential sale or merger of the company," it said in a statement.
On Friday the company’s share price rose by 6.9% to a high of £28 following Bloomberg’s story.
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