- Hyatt Hotels Corp (NYSE:H) has priced the public offering of 7 million shares of its Class A common stock at $74.50 per share.
- The offer price represents a 1.2% discount to Hyatt’s closing price on September 23, 2021.
- The underwriters have a 30-day option to buy up to an additional 1.05 million shares.
- Related Content: Hyatt Hotels Begins Equity Offering To Fund Apple Leisure Acquisition.
- The company estimates that the net proceeds from the offering, after underwriting discount and estimated expenses, to be about $500 million or $575 million if the underwriters exercise their option in full.
- The company intends to use the net proceeds of the offering to fund a portion of the purchase price for its pending acquisition of Apple Leisure Group.
- Price Action: H shares closed higher by 2.36% at $75.42 on Wednesday.
Accenture Agrees to Acquire ARZ in Austria to Expand Banking Platform-as-a-Service Capabilities Across Europe; Terms Not Disclosed
Accenture (NYSE: ACN) has agreed to acquire Allgemeines Rechenzentrum GmbH (ARZ), a technology service provider focused on the banking sector in Austria.
Accenture Agrees to Acquire ARZ in Austria to Expand Banking Platform-as-a-Service Capabilities Across Europe (Photo: Business Wire)
