Hilton must pay $560 mln if it backs out on Blackstone
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Hilton Hotels Corp.  said on Thursday that it must pay Blackstone Group  $560 million if it receives a better offer and terminates a takeover agreement with the private equity firm.
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Hilton Hotels Corp.  said on Thursday that it would pay Blackstone Group LP  $560 million if it receives a better offer and terminates a takeover agreement with the private equity company.
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Conrad Black on Friday threatened to file âimminentlyâ aC$1.1 billion ($873 million) lawsuit against a special committee of Hollinger Internationalâs board for defamation, following the release of a scathing report into his conduct.
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The Hyatt hotels company is buying the AmeriSuites chain from its current owner, The Blackstone Group. The companies haven&#39;t disclosed the purchase price, but published reports say Hyatt is likely to pay more than $600 million.
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The credit card services provider said it has received notice from Blackstone that the private equity firm does not expect to complete the deal.
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WASHINGTON - Blackstone Group LP is among the buyout firms that have spent millions this year trying to kill a proposed tax increase. Now, they're working on a plan B: asking Congress to delay the pain for as long as a decade.
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The Blackstone Group LP  is  planning a $9 billion commercial mortgage-backed securities  offering backed by Hilton Hotels next quarter, according to a  Credit Suisse research note.
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Dopo la vendita della catena Hilton a fondo Blackstone
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Blackstone Group's  agreed deal to buy Hilton Hotels Corp.  this week showed that buyout firms will happily layer big premiums on the right target and can still feel confident about debt financing.
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The Blackstone Group said on Tuesday it would buy Hilton Hotels Corp. for about $26 billion in cash.
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Blackstone Group  said on Monday  it plans to invest in recently acquired Hilton Hotels Corp and  has no plans to sell any of the company's brands or major  assets.
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U.S. apartment owner Archstone-Smith Trust  will have to pay a $235 million break-up fee, roughly 1 percent of the deal price, to end a proposed deal to be acquired by affiliates of Lehman Brothers  and Tishman Speyer, the company said in a regulatory filing on Friday.
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Business & money: Blackstone, Group one of the most powerful names in private equity, ordered to reveal finances.
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US private equity group Blackstone is buying the Hilton Hotels chain for $26bn (Â£13bn) in an all-cash deal.
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On Sunday, Equity Office accepted a $36 billion offer from the Blackstone Group. It would be the costliest buyout in history.
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Equity Office Properties Trust   said on Friday that its board of trustees has voted to reaffirm  its support for a $54 per share takeover offer from private  equity firm The Blackstone Group, despite a higher competing  bid from Vornado Realty Trust.
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Partners of private equity firm  Blackstone Group  may have devised a way to avoid paying  tax on $3.7 billion raised largely in the firm&#39;s initial public  offering last month, according to a regulatory filing.