Hilton Gets Lift From Ladbrokes Bid Talk ; Market Report

Evening Standard - London › February 02, 2006

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Summary

INVESTORS were betting on shares in Hilton Group today after the hotelier and gambling outfit said it had received interest for its Ladbrokes bookies arm from a number of potential bidders.

Since Hilton announced plans to sell its hotel assets to US affiliate Hilton Hotels Corp for Pounds 3.3 billion, it has received a host of approaches from buyout specialists offering up to Pounds 3.7 billion for Ladbrokes. The prospect of an auction lifted Hilton 91/2p to 376p.

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Hilton Gets Lift From Ladbrokes Bid Talk ; Market Report

It had to issue a statement today after a report that venture capitalist CVC had put forward a fully financed takeover offer. Hilton said the CVC approach, like all the others it ha...

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