Hilton-Blackstone deal with $560-660mn exit fee

Hilton Hotels Corporation will have to pay Blackstone a fee of $560 million in case the company accepts a "superior proposal" than the $26 billion offer made by the private equity firm.

According to a filing to the Securities and Exchange Commission (SEC)  by Hilton today, "in certain other circumstances, the merger agreement provides for parent (Blackstone) to pay to the company a fee of $660 million upon termination of the merger agreement."

Also Read: Blackstone checks in at Hilton with $26 bn deal