POTENTIAL DEAL DETAILS
|Date of Confirmation:||04/30/2018||Price at Confirmation:||$34.14|
|Potential Profit:||5.93%||Annualized Profit:||55.46%|
ILG Inc (ILG), a U.S. provider of vacation timeshare properties, is exploring a merger with Apollo Global Management LLC’s (APO) Diamond Resorts International Inc as an alternative to a sale, people familiar with the matter said.
April 30, 2018: Marriott Vacations Worldwide Corporation (VAC) and ILG (ILG) today announced that they have entered into a definitive agreement under which MVW will acquire all of the outstanding shares of ILG in a cash and stock transaction with an implied equity value of approximately $4.7 billion.
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