×

Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

According to Reuters, ILG (ILG) seeking strategic alternatives

  • March 21, 2018

POTENTIAL DEAL DETAILS

StockILG, Inc.SymbolILG
Date Announced03/22/2018Source Reuters
TypeNews Report
Date of Confirmation: 04/30/2018Price 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.

Update(s):

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.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.