InterContinental Hotels Boosts Value with Share Buyback
Company Announcements

InterContinental Hotels Boosts Value with Share Buyback

InterContinental Hotels (GB:IHG) has released an update.

InterContinental Hotels Group PLC recently repurchased 18,759 of its ordinary shares at an average price of £85.4538 per share. The buyback, executed through Goldman Sachs International, aims to cancel the acquired shares and reduce the outstanding share count to 158,913,295. This move is part of a broader strategy to enhance shareholder value.

For further insights into GB:IHG stock, check out TipRanks’ Stock Analysis page.

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