India, Feb. 11 -- Playa Hotels & Resorts N.V. has officially announced that it has reached an agreement with Hyatt Hotels Corporation, whereby an indirect wholly owned subsidiary of Hyatt will purchase all outstanding shares of Playa at a price of $13.50 per share in cash.
The completion of the acquisition is expected to occur later this year, pending approval from Playa shareholders, regulatory authorities, and the fulfillment of other standard closing conditions.
PJT Partners LP is acting as the financial advisor for Playa Hotels & Resorts, while Hogan Lovells and NautaDutilh N.V. are providing legal counsel.
Published by HT Digital Content Services with permission from US Eturbo News....