Originally Posted by
ILGfly
iflyjetz is right about Hyatt too. The Pritzker's control the company and that control is split between a lot of family members, many of whom don't like each other and couldn't agree on a sale to begin with, so it's not going anywhere.
Tom Pritzker and a cousin (can't remember the first name; last name also Pritzker) have been buying as many class B (supervoting) shares from their family members as they can get their hands on. I think that the two of them will eventually have control over most of the voting rights.
I
think the way the class B shares are structured is that if any family member sells the shares outside the family, they revert to class A and the shares then lose their supervoting rights.
In order to finance their purchases, I read that the Pritzker family sold off/borrowed money against another family holding that owned Transunion. Tom and the cousin likely took their portion of that sale to buy family shares of Hyatt.