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Search results for “Blackstone Group”
Orbitz debut a blow to owner Blackstone
07/25/2007
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10:06:00 AM
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July 23, 2007: Orbitz Worldwide, the US online travel site, suffered a lacklustre debut on the New York Stock Exchange as the value of its newly traded shares, which had already been priced below the expected range, fell a further 2.6 per cent.
Hotel Transactions Set for Another Record Year
08/22/2007
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9:44:00 AM
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Jones Lang LaSalle Hotels has estimated that US$110 billion worth of global hotel transactions could be completed by the end of 2007. This represents a 52% rise on last year's record-breaking figure of US$72.5bn, proving that investors' appetite for the hotel sector remains at an unprecedented high level.
Blackstone acquires Hilton
07/09/2007
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9:07:00 AM
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Hilton Hotels Corporation has entered into a definitive merger agreement with The Blackstone Group’s real estate and corporate private equity funds in an all-cash transaction valued at approximately $26 billion. Under the terms of the agreement, Blackstone will acquire all the outstanding common stock of Hilton for $47.50 per share. The price represents a premium of 40% over yesterday’s closing stock price.
Hilton sold to Galileo owner for $26bn
07/05/2007
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9:37:00 AM
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04 July, 2007: US private equity group Blackstone - owner of Galileo, Gullivers and Orbitz - is to buy Hilton Hotels Corporation in a $26 billion cash deal.
EU not happy with Travelport's plan to acquire Worldspan
05/08/2007
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3:11:00 PM
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May 4, 2007:BRUSSELS, Belgium: The European Commission said Thursday it would investigate online travel planner Travelport's US$1.4 billion (€1.06 billion) takeover of electronic ticketing and reservations business Worldport.
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