Hilton would pay Blackstone break-up fee

(Reuters) - Break-up fees are customary in takeover deals and are put in place to dissuade the sides from walking away.




In the filing, Hilton said Blackstone received financing commitments from a group of banks including Bear Stearns , Bank of America , Goldman Sachs , and Morgan Stanley . The filing doesn't detail the amount of debt that will be used to finance the deal.


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