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Thread: Hilton Agrees to Be Bought by Blackstone
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Old Jul 9, 2007 | 9:06 pm
  #94  
ijgordon
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Originally Posted by Matt-KC
A few shareholders have already filed suit to try and stop the takeover (or rather force a higher purchase price):

http://www.msnbc.msn.com/id/19640648/

Gotta love the $560 million Blackstone receives if Hilton backs out of the deal.
This is all standard operating procedure...
(And don't forget that Hilton gets ~$660 mil if Blackstone backs out...)

I'd love to know whether the plaintiffs were loading up on stock at $34 since if $47.50 is too low, then $34 must have really been stinkin' cheap.
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