other material
confidence high
sentiment positive
materiality 0.60
Hyatt to repurchase 1.64M Class B shares from Pritzker Foundation for $250M
Hyatt Hotels Corp
- Repurchasing 1,642,251 Class B shares from Margot and Tom Pritzker Foundation at $152.23/share, total ~$250M.
- Closing expected Sept 24, 2024; shares will convert to Class A and be retired.
- Remaining repurchase authorization after this transaction: ~$982 million.
- Repurchase is under previously announced buyback program; reduces authorized Class B shares by 1.64M.