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Timeshare operator ILG explores merger: Sources

By dailymail / Published on Friday, 16 Jun 2017 06:24 AM / No Comments

ILG, a U.S. provider of vacation timeshare properties, is holding early-stage talks about merging with another company after coming under pressure from hedge fund FrontFour Capital Group Llc, according to people familiar with the matter.

ILG is working with investment bank Moelis & Co as it fields merger interest, the sources said. Marriott Vacations Worldwide and Hilton Grand Vacations are among the companies that have held talks with ILG, the sources added.

The sources asked not to be identified because the deliberations are confidential. Marriott Vacations and Moelis declined to comment, while ILG and Hilton Grand Vacations did not immediately respond to requests for comment.