Mantra Group Takeover Target for IHG?

There’s stock market speculation that Australian accommodation group Mantra is in the sights of international investors as a takeover target, with InterContinental Hotels Group tipped as a potential buyer. Mantra’s shares have almost halved in value since hitting a peak of $5.05 in late December, 2015, and are now at $2.70. It has 20,000+ rooms under management.

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