Checking out with a Bang | Inquirer | 07/10/2007
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Hilton Hotels Acquisition Made by the Blackstone Group
DEPARTMENT OF BUSINESS AND MANAGEMENT Chair of Structured Finance Leveraged Buyout in the Hotel Sector: the analysis of the Hilton Hotels Acquisition Made by The Blackstone Group SUPERVISOR Professor Riccardo Bruno CANDIDATE Francesco Scarantino ID Nr. 690711 ASSISTANT SUPERVISOR Professor Marco Vulpiani ACADEMIC YEAR 2017-2018 Table of Contents INTRODUCTION ...........................................................................................................5 FIRST SECTION: ACTORS AND ENVIRONMENT ................................................6 HILTON HOTELS: HISTORY ............................................................................................ 6 HILTON HOTELS & THE HOTEL INDUSTRY ..................................................................... 8 The Hotel Industry .................................................................................................. 10 Hilton’s Business Units .......................................................................................... 12 THE BLACKSTONE GROUP: HISTORY ........................................................................... 15 THE LEVERAGED BUYOUT ........................................................................................... 16 Definition ................................................................................................................ 16 Financing Sources .................................................................................................. 17 The LBO in the North American Market ............................................................... -
Steven M. Pesner, P.C. Stephen M. Baldini, Esq. Nancy Chung, Esq. Sean E. O'donnell, Esq. AKIN, GUMP, STRAUSS, HAUER & F
rc Steven M. Pesner, P.C. Stephen M. Baldini, Esq. Nancy Chung, Esq. Sean E. O’Donnell, Esq. AKIN, GUMP, STRAUSS, HAUER & FELD, L.L.P. 590 Madison Avenue New York, New York 10022 (2 12) 872- 1070 Laurence A. Weiss, Esq. (Cal. BarNo. 64638) HELLER EHRMAN WHITE & McAULIFFE L.L.P. 333 Bush Street San Francisco, CA 941 04 Attorney for Defendants Patriot American Hospitality, Inc., Wyndham International, Inc., Paul A. Nussbaum and JamesD. Carreker IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO DIVISION ) MDL No. 1300 1 In Re PATRIOT,4MERIC. JOSPITALITY ) AFFIDAVIT OF SEAN E. O’DONNELL INC., SECURITIES LITIGATION. ) (“OPEN MARKET ACTION”) This Document Relates To: ), ), NO. 3-99-CV1866-D Levitch v. Patriot American Hospitality. Inc. NO.99-CV 14 16-D ;NO. 99-CV1429-L Meisenburg v. Patriot American Hospitality. Inc. No. 3-99-CV1686-X 1 2 3 SEAN E. O’DONNELL, being duly sworn, deposes and says: 4 5 1. I am an attorney and a member in good standing of the bar of the State of New York. I 6 am an associate of the law firm of Akin, Gump, Strauss, Hauer & Feld, L.L.P., counsel for Defendants 7 Patriot American Hospitality, Inc., Wyndham International, Inc., Paul A. Nussbaum and James D. 8 Carreker. 9 10 11 2. I submit this affidavit in support of Defendants’ Motion to Dismiss Plaintiffs’ First 12 Amended Consolidated Complaint filed September 22,2000 (the “Open Market Action”). 13 14 3. Annexed hereto as Exhibit A is a summary chart of forward-looking statements from the 15 challenged press releases, along with the accompanying cautionary warnings. -
Stephen F. Bollenbach Joins Macy's, Inc. Board of Directors
Stephen F. Bollenbach Joins Macy's, Inc. Board of Directors http://home.businesswire.com/portal/site/google/index.jsp?... Search Results for Google Print this Release June 13, 2007 02:40 PM Eastern Daylight Time Stephen F. Bollenbach Joins Macy’s, Inc. Board of Directors CINCINNATI--(BUSINESS WIRE)--Macy’s, Inc. (NYSE:M) today announced that Stephen F. Bollenbach, co-chairman and chief executive officer of Hilton Hotels Corporation, has been elected to the company’s board of directors. “Stephen Bollenbach is one of our nation’s most distinguished business leaders, and brings a depth of expertise in finance and operations for leading consumer-driven organizations,” said Terry J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc. “He will be an invaluable resource as we continue to build and develop our company as a premier national retailer focused on the Macy’s and Bloomingdale’s brands.” Bollenbach, 64, was named co-chairman of Hilton in 2004, and has served as chief executive officer since joining the company in 1996. Prior to joining Hilton, Bollenbach was senior executive vice president and chief financial officer of The Walt Disney Company and, previously, president and chief executive officer of Host Marriott Corporation. Earlier in his career, Bollenbach served as chief financial officer of the Trump Organization and Holiday Corporation, as well as in senior capacities with the Ludwig Group. A native of southern California who currently lives in Los Angeles, Bollenbach is a graduate of Long Beach City College, holds a bachelor’s degree in finance from UCLA and a master’s degree in management from California State University, Northridge. -
AIG Elects Stephen F. Bollenbach to Board of Directors Page 1 of 2
AIG Elects Stephen F. Bollenbach to Board of Directors Page 1 of 2 AIG Elects Stephen F. Bollenbach to Board of Directors Copyright: Business Wire Source: Business Wire Wordcount: 465 Business Editors NEW YORK--(BUSINESS WIRE)--January 16, 2008--The Board of Directors of American International Group, Inc. (AIG) today elected Stephen F. Bollenbach a Director. Mr. Bollenbach, 65, recently retired as Co-Chairman and Chief Executive Officer of Hilton Hotels Corporation, where he had served as Co-Chairman from 2004 and CEO from 1996. Under his leadership, Hilton Hotels Corporation became the world’ s largest hotel company. Prior to joining Hilton Hotels Corporation, Mr. Bollenbach was Senior Executive Vice President and Chief Financial Officer for The Walt Disney Company, where he was instrumental in the execution of its acquisition of Capital Cities/ABC. He had previously served as President and Chief Executive Officer of Host Marriott Corporation, and before that, as Chief Financial Officer of Marriott Corporation. Prior to that, he was Chief Financial Officer of the Trump Organization. He had earlier served as Chief Financial Officer and a member of the Board of Directors of Holiday Corporation, and Chairman and Chief Executive Officer of Southwest Savings and Loan Association. From 1968 until 1980 Mr. Bollenbach held a series of financial management positions with the Ludwig Group. Mr. Bollenbach is Chairman of the Board of KB Home and a Director of Harrah’ s Entertainment, Inc., Time Warner Inc. and Macy’ s, Inc. He also serves as a member of the Board of Directors of Teach for America and Los Angeles World Affairs Council. -
Harrah's Entertainment, Inc
Table of Contents As filed with the Securities and Exchange Commission on January24, 2005 Registration No.333-119836 2005. EDGAR Online, Inc. SECURITIES AND EXCHANGE COMMISSION Washington,D.C. 20549 Amendment No. 3 to Form S-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Harrah’s Entertainment, Inc. (Exact name of registrant as specified in its charter) Delaware 7993 62-1411755 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification No.) One Harrah’s Court Las Vegas, Nevada 89119 (702)407-6000 (Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) Stephen H. Brammell,Esq. Senior Vice President, General Counsel and Corporate Secretary One Harrah’s Court Las Vegas, Nevada 89119 (702)407-6000 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copies to: Charles K. Ruck, Esq. Bernard E. DeLury,Jr.,Esq. Martha E. McGarry,Esq. Latham Watkins LLP Executive Vice President, Secretary and Skadden, Arps, Slate, Meagher 650 Town Center Drive General Counsel Flom LLP Costa Mesa, California 92626 Caesars Entertainment, Inc. Four Times Square (714)540-1235 3930 Howard Hughes Parkway New York, New York 10036 Las Vegas, Nevada 89109 (212) 735-3000 (702) 699-5000 Approximate date of commencement of proposed sale to the public: As soon as practicable after the effectiveness of this Registration Statement and the satisfaction or waiver of all other conditions under the merger agreement described herein. 2005. EDGAR Online, Inc. If the securities being registered on this form are to be offered in connection with the formation of a holding company and there is compliance with General Instruction G, check the following box. -
(News Media) 212-770-7083 AIG ELECTS STEPHEN F. BOLLEN
Contact: Charlene Hamrah (Investment Community) 212-770-7074 Chris Winans (News Media) 212-770-7083 AIG ELECTS STEPHEN F. BOLLENBACH TO BOARD OF DIRECTORS NEW YORK, January 16, 2008 – The Board of Directors of American International Group, Inc. (AIG) today elected Stephen F. Bollenbach a Director. Mr. Bollenbach, 65, recently retired as Co-Chairman and Chief Executive Officer of Hilton Hotels Corporation, where he had served as Co-Chairman from 2004 and CEO from 1996. Under his leadership, Hilton Hotels Corporation became the world’s largest hotel company. Prior to joining Hilton Hotels Corporation, Mr. Bollenbach was Senior Executive Vice President and Chief Financial Officer for The Walt Disney Company, where he was instrumental in the execution of its acquisition of Capital Cities/ABC. He had previously served as President and Chief Executive Officer of Host Marriott Corporation, and before that, as Chief Financial Officer of Marriott Corporation. Prior to that, he was Chief Financial Officer of the Trump Organization. He had earlier served as Chief Financial Officer and a member of the Board of Directors of Holiday Corporation, and Chairman and Chief Executive Officer of Southwest Savings and Loan Association. From 1968 until 1980 Mr. Bollenbach held a series of financial management positions with the Ludwig Group. Mr. Bollenbach is Chairman of the Board of KB Home and a Director of Harrah’s Entertainment, Inc., Time Warner Inc. and Macy’s, Inc. He also serves as a member of the Board of Directors of Teach for America and Los Angeles World Affairs Council. He is a graduate of Long Beach City College, and holds a bachelor’s degree in finance from UCLA and a master’s degree in management from California State University, Northridge.