(Reuters) - Under terms of the deal, Blackstone will pay $47.50 for
each Hilton share, a 32-percent premium over Tuesday's closing
price.
The deal is expected to close during the fourth quarter of
2007 and was approved by Hilton's board of directors on
Tuesday, the company said.
Read more at Reuters.com Mergers News
each Hilton share, a 32-percent premium over Tuesday's closing
price.
The deal is expected to close during the fourth quarter of
2007 and was approved by Hilton's board of directors on
Tuesday, the company said.
Read more at Reuters.com Mergers News
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