Blackstone closes purchase of Hilton
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From Times Wire Services
Hilton Hotels Corp., the second-largest U.S. hotel chain, said its $20-billion sale to Blackstone Group was completed.
Hilton’s shares stopped trading on the New York Stock Exchange after the market closed, the companies said.
The sale, for $26 billion including debt, is a record for the hotel industry.
Shares of Beverly Hills-based Hilton rose 8 cents to $47.48.
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