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Hilton Hotels begins acquisition process

Wed Sep 12, 2007 5:12pm EDT

Stocks

   

LOS ANGELES, Sept 12 (Reuters) - Hilton Hotels Corp HLT.N said on Wednesday it launched cash tender offers and related consent solicitations for $1.8 billion of its outstanding debt in preparation for its planned acquisition by private equity firm Blackstone Group (BX.N).

Mergers & Acquisitions

The offer for each issue of securities will expire at 8:00 a.m. eastern time on Oct. 11, unless extended or earlier terminated by Hilton.



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