Hilton KKR [Credit] - MarketTicker Forums


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User Info	Hilton KKR in forum [Credit]
Ww Posts: 203 Incept: 2007-06-26	Hilton by Blackstone for $20B http://tinyurl.com/2rlxrt KKR goes IPO for $1.25B http://tinyurl.com/33l96x Everybody (including me) who thought the LBO and IPO mania has peaked with Blackstone IPO last week was wrong. I am pretty surprised... WW 2007-07-03 20:41:09 Permalink
Genesis Posts: 130663 Incept: 2007-06-26	Hilton was one I didn't expect, but announced and financed are two different things. What usually happens is that these deals appear to keep going a while after the peak, but they blow up down the road as they can't get them financed. ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2007-07-03 20:51:36 Permalink
Flinter Posts: 125 Incept: 2007-07-03 Palau Tiga, East Malaysia Banned	I just heard through CNBS this was apparently a cash deal....Is this correct?? 2007-07-04 03:31:30 Permalink
Ww Posts: 203 Incept: 2007-06-26	They discuss this on Calculated Risk today. Seems BX puts in $2-3B BSC $2B rest of $22B is done by investment banks 2007-07-04 09:35:15 Permalink
Genesis Posts: 130663 Incept: 2007-06-26	Yep. "Cash" for the existing shareholders - e.g. its not a share swap. The "investment bank" part gets syndicated - they hope ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2007-07-04 11:33:17 Permalink