Hilton Hotels takeover
Hilton Hotels Corp. [HLT-N] today reported that shareholders approved the company’s $20.1-billion (USD) sale to The Blackstone Group LP [BX-N].
Under the terms of the Hilton Hotels takeover/buyout, Blackstone will pay Hilton shareholders $47.50 per share in cash. Including assumed debt, the total deal is valued at $26-billion.
Shares of Hilton Hotels rose 14 cents to […]