ILG shareholders approved a buyout offer from rival Marriott Vacations, clearing the way for a $4.7 billion merger that would create the world’s largest timeshare operator. A total of 97.9 million votes were cast in favor of the merger, according to a filing with the Securities and Exchange Commission on Tuesday. Only 112,943 votes were cast against the proposal. Holders of 99 percent of ILG shares were present at the special stockholder meeting. Marriott had […]
source https://therealdeal.com/2018/08/28/ilg-shareholders-approve-4-7b-marriott-vacations-merger/
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