Reuters: ILG explores merger with Apollo's Diamond Resorts [Seeking Alpha]
ILG (ILG)
Last ilg earnings: 8/3 09:00 am
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Source: Seeking Alpha
Reuters: ILG explores merger with Apollo's Diamond ResortsVacation timeshare property provider ILG Inc. (NASDAQ:ILG) isexploring a merger with Apollo Global Management's (NYSE:APO) Diamond Resorts International as an alternative to a sale, Reuters reports.The talks are aimed at giving ILG leverage in case negotiations with Marriott Vacations about a potential buyout are not successful, according to the report.A merger with APO would add more than 400 of Diamond Resorts' vacation destinations in 35 countries to ILG's 250 managed resorts in 80 countries, and could allow ILG CEO Craig Nash to lead the combined company.Click to subscribe to real-time analytics on APONow read:OneSmart International Education Files Updated Terms For U.S. IPO »
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