Associated Capital (NYSE:AC) announced today the $175 million initial public offering of its special purpose acquisition corporation, PMV Consumer Acquisition Corp. (NYSE:PMVC).
Associated Capital Group, Inc. ("AC" or "Associated Capital") today announced that in response to Gabelli Value Plus+ Trust ("GVP" or the "Trust") Board’s proposal to liquidate the Trust, AC has established a subcommittee of disinterested board members to evaluate the proposal.
Shares in France’s Accor and U.K. rival InterContinental Hotels Group rose on Friday, after reports the two companies had explored a merger that would create the world’s biggest hotel group with a combined value of $17 billion. French newspaper Le Figaro said Accor (FR:AC) had not made a formal approach to IHG (UK:IHG) which owns brands including Holiday Inn, Crowne Plaza, and Regent Hotels. Accor, the world’s fifth-largest hotel chain by rooms, owns a portfolio of brands, including Ibis and Mövenpick, as well as high-end chains such as Raffles and Sofitel.