(Reuters) - NEW YORK, July 5 - Hilton Hotels Corp. said on Thursday that it would pay Blackstone Group LP $560 million if it receives a better offer and terminates a takeover agreement with the private equity company.
Blackstone, which agreed to buy Hilton for about $20 billion plus debt, would pay Hilton $660 million if it backs out of the deal, Hilton said in a filing with the U.S. Securities and Exchange Commission.
Read more at Reuters.com Mergers News
Blackstone, which agreed to buy Hilton for about $20 billion plus debt, would pay Hilton $660 million if it backs out of the deal, Hilton said in a filing with the U.S. Securities and Exchange Commission.
Read more at Reuters.com Mergers News
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