Blackstone's Deal to Acquire Hilton Hotels (HLT) Expected To Close on Schedule - FT
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- Blackstone's Deal to Acquire Hilton Hotels (HLT) Expected To Close on Schedule - FT
According to reports from FT.com's DealReporter, Blackstone's deal to acquire Hilton Hotels (NYSE: HLT) will close on schedule, following the shareholder meeting in early October. On July 5th, The Blackstone Group agreed to acquire Hilton for $47.50 per share, or approximately $26 billion.
Turmoil in the credit markets have made inventors jittery in many LBO deals and spreads have widened. Shares of Hilton are trading at $45.15, 5% below the deal price. Some pending LBOs are trading with spreads north of 20%.
Link to FT story
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