LONDON— InterContinental Hotels Group, based here, has seen its stock price soar during the past week largely on the strength of rumors regarding a pending takeover bid. The companys stock price was up 26 cents (13 pence), or 2.7%, to $24.84 (1,265 pence) at the close of Thursday trading here. The stock price has risen $5.31 (271 pence) or 26.8%, over the last month amid speculation that any bid would be at a significant premium over the current share price. When contacted by HOTEL BUSINESS®, InterContinental Hotels Group declined to comment on the rumors. InterContinental Hotels Group operates more than 3,650 hotels in 100 countries under brands such as InterContinental Hotels, Holiday Inn, Holiday Inn Express, Crowne Plaza, Staybridge Suites, Candlewood Suites and Hotel Indigo.
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