(Bloomberg) -- Hilton Hotels Corp. shares rose the
most since the end of 2005 before the second-largest U.S. hotel
chain announced its agreement to be acquired by New York-based
Blackstone Group LP for about $20 billion in cash.
Shares of Hilton climbed $2.18, or 6.4 percent, to $36.05
yesterday in New York Stock Exchange composite trading.
Blackstone, the world's biggest publicly traded buyout firm, will
pay $47.50 a share for Beverly Hills, California-based Hilton.
Read more at Bloomberg Exclusive News
most since the end of 2005 before the second-largest U.S. hotel
chain announced its agreement to be acquired by New York-based
Blackstone Group LP for about $20 billion in cash.
Shares of Hilton climbed $2.18, or 6.4 percent, to $36.05
yesterday in New York Stock Exchange composite trading.
Blackstone, the world's biggest publicly traded buyout firm, will
pay $47.50 a share for Beverly Hills, California-based Hilton.
Read more at Bloomberg Exclusive News
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