(Bloomberg) -- Hilton Hotels Corp., the second-
biggest U.S. hotel chain, agreed to be taken private by buyout
firm Blackstone Group LP for $20 billion, ending more than 60
years as a public company.
Blackstone will pay $47.50 for each share, Hilton said in a
statement. That's 32 percent more than its closing price
yesterday. Barron Hilton, the son of founder Conrad Hilton and
co-chairman of the Beverly Hills, California-based company, will
get $990 million for his 20.8 million shares.
Read more at Bloomberg Bonds News
biggest U.S. hotel chain, agreed to be taken private by buyout
firm Blackstone Group LP for $20 billion, ending more than 60
years as a public company.
Blackstone will pay $47.50 for each share, Hilton said in a
statement. That's 32 percent more than its closing price
yesterday. Barron Hilton, the son of founder Conrad Hilton and
co-chairman of the Beverly Hills, California-based company, will
get $990 million for his 20.8 million shares.
Read more at Bloomberg Bonds News
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