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.

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: Jonathan GrayPerson: Matthew HartPerson: HartPerson: MattOrganisation: Hilton hotelsOrganisation: Blackstone GroupOrganisation: HiltonOrganisation: BlackstoneOrganisation: DoubletreeOrganisation: Embassy SuitesOrganisation: Hampton InnOrganisation: Waldorf-AstoriaOrganisation: Hilton Group PLC
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