InterContinental Slumps in Pre-Market After Barclay Share Sale
Barclays Capital sold 30 million shares in InterContinental on behalf of Ellerman Corp., Bloomberg News reported without naming its sources. Ellerman is controlled by David and Frederick Barclay. The shares were sold for £11.20 each.
InterContinental's stock had risen 26.6% in the year to July 27.