Thursday, July 5, 2007

No windfall likely for Paris from big Hilton sale

(Reuters) - Paris and other descendants of her great grandfather Conrad Hilton -- who started the hotel group in 1919 when he bought a small hotel in Cisco, Texas -- are expected to get little from the buyer, private equity firm Blackstone Group.




That's because the family has little stake left in the company and what's remaining is expected to ultimately go to charity.


Read more at Reuters.com Mergers News

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