NEW YORK— On the day its shareholders are expected to vote on the demerger of its lodging and pubs business, the board of U.K.-based Six Continents today said it will “seriously consider” any proposal that might be attractive to shareholders and that has a reasonable prospect of delivery, according to a Dow Jones Business report. The board confirmed a process already is established and that it has an independent committee tasked with wrangling the process in respect to approaches or proposals, if any, made for any part of the business, or for Six Continents as a whole prior to the proposed demerger. The committee will advise and provide recommendations to the 6C board as appropriate, the board members said. The committee is chaired by Roger Carr, senior non-executive director of Six Continents, along with David Webster, who is to be appointed deputy chairman of InterContinental Hotels Group upon separation, and Robert Larson, a non-executive director of 6C. SOURCE: Dow Jones Business
