(Reuters) - Under terms of the agreed deal, Blackstone will pay $47.50 for each share of Hilton, one of the most prominent global hotel brand names, and take on debt.
That's a 32 percent premium over Tuesday's closing price. Ahead of the post-close announcement, shares of Hilton had risen 6.4 percent to close at $36.05 on the New York Stock Exchange.
Read more at Reuters.com Business News
That's a 32 percent premium over Tuesday's closing price. Ahead of the post-close announcement, shares of Hilton had risen 6.4 percent to close at $36.05 on the New York Stock Exchange.
Read more at Reuters.com Business News
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