Deals
Apollo Offers About $40 Per Share for Hilton Grand
A Hilton Grand Vacations Club hotel stands in Las Vegas.
Photographer: David Paul Morris/Bloomberg
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Apollo Global Management Inc. made a first-round offer for Hilton Grand Vacations Inc. valuing the timeshare resort operator at about $40 per share, according to people familiar with the matter.
The Blackstone Group Inc. also bid for the Orlando, Florida-based company, said the people who asked to not be identified because the matter isn’t public.