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Hilton Worldwide (HLT) said on Thursday it had authorized the repurchase of an additional $3.5 billion worth of common stock under the hotel giant's existing repurchase program.
There have been more than 450 forward stock splits year to date, including reverse stock splits. Additional stock splits are on the way in the next few weeks. Lam Research (NASDAQ: LRCX) conducted ...
Stock splits often serve as a catalyst for stocks. Its revenue of $8.5 billion for the first three quarters of 2024 rose 15% from year-ago levels, including a 13% yearly increase for the third ...
The split was completed on 15 April 2003, establishing InterContinental Hotels Group as an independent company, alongside the pub company, Mitchells & Butlers. [14] IHG's hotel portfolio at the time comprised 3,325 properties, primarily under the Holiday Inn, Crowne Plaza , and InterContinental brands. [ 15 ]
By 1998, Hilton was again trying to split its gaming and hotel operations, believing that its stock price was dragged down by involvement in the highly competitive gaming industry. [14] Efforts were hampered by the need for a merger to provide a business purpose to qualify the spin-off for tax-free status.
In 1967, [1] when the airline sought to diversify into other areas of business, a key investment was Hilton International Hotels, the non-American interests of the Hilton Hotels chain. (Because of this split, the Hilton International chain had to call its hotels in America Vista, while future overseas locations of the American Hilton chain were ...
In a reverse stock split, your current shares are exchanged for fewer shares. When the split occurs, the share price also changes automatically to reflect the exchange ratio. That is, regardless ...
To buy back about one-quarter of its equity, Hilton will do a secondary offering of 60 million shares at $73 each. Further gains in Hilton stock were expected April 12 with HLT opening at almost ...