April 30, 2018 / 11:13 AM / 7 months ago

Marriott Vacations to buy ILG in $4.7 bln deal

April 30 (Reuters) - Marriott Vacations Worldwide Corp said on Monday it would buy fellow vacation timeshare company ILG Inc in a cash and stock deal worth about $4.7 billion.

ILG shareholders will receive $14.75 in cash and 0.165 shares of Marriott Vacations for each share, Marriott Vacations said.

Reuters reported earlier this month that the two companies were in advanced talks over a deal. (Reporting by Arunima Banerjee in Bengaluru Editing by Saumyadeb Chakrabarty)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below