Blackstone reportedly plans IPO to cash out of Hilton

The Blackstone Group, which took Hilton Worldwide private in 2007 in a $26 billion leveraged buyout, plans to sell the hotel company in an initial public offering, sources say. Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs and Morgan Stanley reportedly have been hired to arrange the deal. The IPO could come to market in the first half of 2014.

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