Does this mean Paris is no longer a hotel heiress?

Yeah, not much to brag about there. It's the least exclusive club in the world.

 

I can't imagine the parents and board members of Hilton ever for a second thought that the daughters were interested in the business -- or in ever doing any actual work in their entire lives.

 

The company was public so how much does the family actually own?

 

Furthermore - dumb non-investor question here - if the Blackstone Company is buying the stock for $47.50 a share, and it trades at $36.05 now, could I buy a ton of shares and make money on it when Blackstone buys them?

 

He spent One Night in Paris Hilton. Only without the night vision goggles.

 

The door is wide open for anybody.

 

I think I've seen that door..
<img src="http://www.crh.noaa.gov/arx/events/images/lew4.jpg">She should really get that looked at.

 

I dunno... Isn't Nikki a clothes designer? Seems like she's more stable than paris is...

And if I was worth the kinda coin they were, I dont know how much "actual work" I'd be doing either...

 

News like this could drive a girl to drink.....

 

Like throwing a hot dog down the hallway

 

That is so well played, Yab.

From a personal standpoint, hope this doesn't jack with my Hilton Rewards.

From a biz standpoint, if you owned Hilton stock on 9/11, you're now up about five-fold, courtesy of Blackstone's bid.

 

No, the payment will be made to stockholders of record on such-and-such date. Blackstone has already contacted them (I'm pretty sure), asked (basically) if the shareholders would sell, and the Hilton directors have approved the sale. Sorry.

And, theoretically, the stock price will rise to the sale price by the time the sale occurs, reflecting all available information supporting the stock. It's called the Efficient Market Hypothesis.