Marriott Vacations to buy ILG for $4.7 billion

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Marriott Vacations Worldwide agreed to buy ILG for about $4.7 billion in a stock and cash deal, creating the largest luxury brand for timeshare vacation resorts. ILG investors will receive $14.75 in cash and 0.165 of Marriott Vacations common stock for each of their shares, the companies said in a statement Monday. The deal represents ...

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