|
Blackstone acquires Hilton Hotels for $26 billion
Thursday, July 05, 2007 www.indianexpress.com
(
Business , M & A
)
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.
Tags :
Blackstone-Group
Hilton-Hotels-Corp
Read
More | Submitted by : reporter
Comments
:
Be
the first person to comment on this article.
|
