Hilton Grand Vacations: In Play, Speculating on a Deal | Value Investing News

Hilton Grand Vacations: In Play, Speculating on a Deal

  • Some point to the risk that Hilton needs to consent to a merger, this is true, but it seems contemplated that HGV would be acquired or operate non-Hilton branded timeshare properties with the caveat that it would be operated separately from Hilton branded properties and without access to the loyalty program, from the 10-K:
  • HGV's management at least acknowledges the benefits of industry consolidation, essentially confirming the rumors, from the most recent earnings call:
  • In summary, we have several buyers, both strategic and financial, circling HGV, I'm surprised that shares are trading well below the $40 reported first bid even if HLT needs to provide its approval.Disclosure: I own HGV calls (also remain long WYND)
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