7.04.2007

Blackstone at it Again, Hilton Now Under Private Equity

The recently public, private equity firm (confusing enough?) Blackstone is purchasing Hilton Hotels for $26 Billion. The amount per share Blackstone is paying, is 32% higher than the current trading price. This amount of a premium makes it seem that there is a lot of value that can still be derived from Hilton Hotels. However, it could also be Blackstone's IPO money burning a hole in their pocked. Regardless, Hilton stakeholders, its your lucky day. No word on whether Paris is included in this deal.

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