• Blackstone sells Hilton stake
Hilton has announced the pricing of a secondary share offering that will raise USD2bn for stockholder Blackstone. The offer of 90 million shares at USD22.50 per share will close on June 27. 

Deutsche Bank, BofA Merrill Lynch and Morgan Stanley are leading the offer, which gives the underwriters options on a further 13.5 million shares. The transaction will leave Blackstone holding just over two thirds of Hilton stock.
Read the full story here: 
http://news.hiltonworldwide.com/index.cfm/newsroom/detail/27051
 
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