tiprankstipranks
InterContinental Hotels Conducts Share Buyback to Boost Value
Company Announcements

InterContinental Hotels Conducts Share Buyback to Boost Value

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

Don't Miss our Black Friday Offers:

InterContinental Hotels Group has repurchased 3,465 of its own shares, with prices ranging from £90.72 to £91.60 per share, as part of a buyback strategy authorized earlier this year. This move, executed through Goldman Sachs International, is aimed at reducing the company’s share count, potentially enhancing shareholder value. Following this transaction, the company retains 158,802,796 ordinary shares in circulation, excluding those held in treasury.

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

Related Articles
TipRanks UK Auto-Generated NewsdeskInterContinental Hotels Executes Strategic Share Buyback
TipRanks UK Auto-Generated NewsdeskInterContinental Hotels Executes Share Buyback Strategy
TipRanks UK Auto-Generated NewsdeskInterContinental Hotels Group Enhances Shareholder Value Through Buyback
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App