• IHG merger pressure
Activist investor Marcato Capital has hired a merchant bank to help to find a US merger partner for InterContinental Hotels Group. The deal would exploit tax benefits IHG enjoys from UK registration, reports the Wall Street Journal. 

The tax inversion tactic would provide major fiscal benefits for a US company changing domicile through a merger. Marcato has a 4% stake in IHG and has called on management to explore a deal.
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