krj9999
TUG Member
Stirring the pot; will see whether anything happens.
GREENWICH, Conn., May 24, 2017 /PRNewswire/ -- FrontFour Capital Group LLC (together with its affiliates, "FrontFour"), a significant stockholder of ILG Inc. ("ILG" or the "Company") (NASDAQ: ILG), today announced it has delivered a letter to the Board of Directors of ILG calling upon the Company to seek a business combination with Marriott Vacations Worldwide Corporation ("Marriott Vacations"). FrontFour believes there is tremendous industrial logic for ILG and Marriott Vacations to merge and at a meaningful premium to the current stock price, the transaction would still be highly accretive financially while also yielding a number of qualitative synergies.
Couple excerpts from the letter on rationale for combining:
(v) The extinguishment of potential conflicts associated with Marriott's intention to combine the Marriott Rewards Program with Starwood's Preferred Guest Loyalty Program ("SPG") by the end of 2018;
(vi) The creation of a complementary and unparalleled product portfolio enhancing the value proposition to existing timeshare owners;
GREENWICH, Conn., May 24, 2017 /PRNewswire/ -- FrontFour Capital Group LLC (together with its affiliates, "FrontFour"), a significant stockholder of ILG Inc. ("ILG" or the "Company") (NASDAQ: ILG), today announced it has delivered a letter to the Board of Directors of ILG calling upon the Company to seek a business combination with Marriott Vacations Worldwide Corporation ("Marriott Vacations"). FrontFour believes there is tremendous industrial logic for ILG and Marriott Vacations to merge and at a meaningful premium to the current stock price, the transaction would still be highly accretive financially while also yielding a number of qualitative synergies.
Couple excerpts from the letter on rationale for combining:
(v) The extinguishment of potential conflicts associated with Marriott's intention to combine the Marriott Rewards Program with Starwood's Preferred Guest Loyalty Program ("SPG") by the end of 2018;
(vi) The creation of a complementary and unparalleled product portfolio enhancing the value proposition to existing timeshare owners;
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