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Blackstone Lands Hotel Titan Hilton

Global Hotel Chain Agrees to $26 Billion Take-Private Deal; Blackstone Not Planning Significant Divestures
By Andrew C. Burr
July 4, 2007 | 7:57 P.M.

Less than two weeks after recording the largest U.S. IPO in five years, private equity firm Blackstone Group (NYSE: BX) has struck a deal to acquire Hilton Hotels Corp. (NYSE: HLT) in an all-cash deal worth about $26 billion, including debt.

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