Steve Bollenbach: Hostel Takeover?

Stephen Bollenbach's chances, as they say in Las Vegas, just passed even money. On Sept. 30, a federal judge ruled that ITT's plan to evade Hilton Hotels CEO Bollenbach's takeover bid--splitting ITT in three--must be put to a shareholder vote. That has investors betting that Hilton can pull off its $11.5 billion hostile takeover. ITT shares hit $67.75 on Sept. 30, up 8.4% and approaching Hilton's $70-a-share bid.

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