- "We expect Blackstone (BX +0.3%) to begin to monetize its position over the near term," says Wells Fargo analyst Jeffrey Donnelly, noting the lockup period following Hilton Worldwide's (HLT -0.2%) IPO expires today. Blackstone and other Hilton insiders own about 84% of the company and are now eligible to sell one-third of their holdings (the rest gets unlocked over the next 6 months).
- "With Hilton management expecting to announce its plans for the WaldorfAstoria Hotel by year end, and values for the project cited by others as high as $4B (which we do not believe to be realistic), we could see Blackstone selling into the year-end announcement."
From other sites
at CNBC.com (Jun 3, 2015)
at CNBC.com (Jun 2, 2015)
at CNBC.com (May 22, 2015)
at CNBC.com (Apr 8, 2015)
at CNBC.com (Jan 21, 2015)
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