The early reaction to Hilton’s (HG.LN) sale of its hotel assets to Hilton Hotels is positive, says a hedge fund broker. “It’s a nice way to wrap up the year, a sigh of relief,” he says, “Some hedge funds thought the number was light initially, but it looks like the sale is at the top end of expectations.” The broker adds that “everyone is really interested in what happens next regarding Ladbrokes.” Broker noted the conference call announcing the transaction was ongoing, but did not see any gaping issues to be answered. Hilton Group cash equity closed the day +1.2% at 368p. (LOY)
Hedge Funds Breathe Sigh Of Relief On Hilton
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