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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