Marriott Vacations, ILG Shares Jump on Report They May Merge

Marriott Vacations Worldwide (VAC), a U.S. provider of vacation timeshare properties, may merge with peer ILG (ILG), Reuters reported on Monday, citing unidentified sources.

The transaction would bring together two of the largest vacation ownership companies, with brands including Marriott, Ritz-Carlton, Westin, Hyatt and Sheraton.

ILG views Marriott’s Vacations’ bid as the best it has received so far, and is engaged in negotiations to try to strike a deal by the end of the month, Reuters said, citing those sources.

The exact merger structure Marriott Vacations and ILG are negotiating could not be learned, Reuters added.

As of 2:30 pm ET in New York on Monday, Marriott shares rose 6.4% to $137.15, and shares of ILG advanced 7.2% to $33.30.

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