other material
confidence high
sentiment positive
materiality 0.65
Hyatt repurchases 1.283M Class B shares from GHHC for $200M
Hyatt Hotels Corp
- Purchased 1,283,000 Class B shares at $155.9593/share; total cash consideration $200,095,781.90.
- Shares automatically converted into Class A common stock and will be retired.
- Post-repurchase outstanding: 56,707,827 Class B shares and 44,828,766 Class A shares.
- Repurchase done under existing buyback program; ~$885 million remaining under authorization.