Hilton hotels agree sale to private equity group

A US private equity group is to buy Hilton Hotels in a US$20bn (€14.7bn) cash deal, the hotel company said.

Hilton hotels agree sale to private equity group
Wed, 04 Jul, 2007 - 08:41

A US private equity group is to buy Hilton Hotels in a US$20bn (€14.7bn) cash deal, the hotel company said.

The Blackstone Group agreed yesterday to buy all outstanding Hilton shares for US$47.50 dollars (€34.8) each, a 32% premium over the day’s closing stock price.

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CourtsBusinessHeathrowPlace: USPlace: Los AngelesPlace: Beverly HillsPlace: United StatesPlace: EuropePlace: New YorkPlace: BritainPlace: CanadaPlace: IndiaPlace: Las VegasPlace: ChinaPerson: Stephen BollenbachPerson: Jonathan GrayPerson: Matthew HartPerson: BollenbachPerson: HartPerson: MattPerson: Jonathan GalavizPerson: GalavizOrganisation: Hilton hotelsOrganisation: Blackstone GroupOrganisation: HiltonOrganisation: BlackstoneOrganisation: La Quinta Inns and SuitesOrganisation: LXR Luxury ResortsOrganisation: DoubletreeOrganisation: Embassy SuitesOrganisation: Hampton InnOrganisation: Waldorf-AstoriaOrganisation: Hilton Group PLCOrganisation: Globalysis Ltd
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