THE THREE JUMBO FACILITIES – WHICH ALLOWED Six Continents to transform into the InterContinental Hotels Group and Mitchells & Butlers pubs – were anything but straightforward. The boards of the two businesses decided to split in August of last year to form two separate companies – InterContinental Hotels and Mitchells & Butlers. The board wanted to see the entire demerger completed by April 2003. It was decided that the deal would go public in October, and there would be a board meeting in March to confirm shareholder approval of the action, after which the demerger would go ahead.
