(Reuters) - Blackstone, which agreed to buy Hilton for about $20
billion plus debt, would pay Hilton $660 million if it backs
out of the deal, Hilton said in a filing with the U.S.
Securities and Exchange Commission.
Break-up fees are customary in takeover deals and are put
in place to dissuade the two sides from walking away.
Read more at Reuters.com Government Filings News
billion plus debt, would pay Hilton $660 million if it backs
out of the deal, Hilton said in a filing with the U.S.
Securities and Exchange Commission.
Break-up fees are customary in takeover deals and are put
in place to dissuade the two sides from walking away.
Read more at Reuters.com Government Filings News
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