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InterContinental Jumps After Report Company Rejected Offer

InterContinental Hotels Group Plc climbed to a record in London trading after Sky News reported that the company spurned a takeover bid that valued it at about 6 billion pounds ($10.1 billion).

InterContinental, the world’s largest provider of hotel accommodation, was up 3.4 percent to 2,302 pence at the close of trading, the highest since the company was formed in 2003. That gave the company a market value of 5.9 billion pounds.