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Blackstone acquires Hilton Hotels for $26 billion
Thursday, July 05, 2007 www.indianexpress.com
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Business , M & A
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In one of the largest PE deals in recent times, the Private equity monolith, Blackstone Group has acquired US-based Hilton Hotels Corp for $26 billion.Under the terms of the agreement, the group will acquire all the outstanding common stock of Hilton for $47.50 per share,which is at a premium of 32 per cent to the closing price of the Hilton stock on Tuesday on the New York Stock Exchange.
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