WASHINGTON
(Reuters) - U.S. antitrust authorities said on Wednesday they
had approved the purchase of Hilton Hotels Corp (HLT.N) for $26
billion by private equity firm Blackstone Group (BX.N).
Officials have completed their review of the deal without taking
action to block it, the Federal Trade Commission said in a
notice.
Under terms of the cash deal, Blackstone will pay $47.50 for
each share of Hilton, one of the most prominent global hotel
brand names.
Blackstone has said it intends to invest in the Hilton
properties and brands globally to grow the business.
WASHINGTON
(Reuters) - U.S. antitrust authorities said on Wednesday they
had approved the purchase of Hilton Hotels Corp (HLT.N) for $26
billion by private equity firm Blackstone Group (BX.N).