Hotels in the Spotlight With Hilton Takeover
The attractions of the British hotels sector looked rosier yesterday as news of the proposed sale of Hilton Hotels Corporation moved analysts to speculate on the prospect for further takeover activity.
InterContinental Hotels and Whitbread stood out among the large-cap risers. Of mid-cap stocks, Millennium & Copthorne pushed higher.
Blackstone’s agreed $26 billion (£13 billion) deal for Hilton valued the hotels giant at a 32 per cent premium to its closing share price before last night’s announcement. Read more
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