Morning Roundup- Hilton IPO, Bank of America settles with Freddie Mac

  • Hilton Worldwide (HLT) says it plans to sell 112.82M shares of common stock in an offering range of $18 to $21 for its IPO led by private equity firm the Blackstone Group (BX) valuing the company at 2.4 billion which would be the largest IPO ever in the hotel group.
  • BofA settles with Freddie Mac for $404M With this deal, says the bank, BofA has resolved all outstanding potential rep and warranty claims by the GSEs on loans sold by both it and Countrywide from 2000-2009.
InvestCorrectly Staff
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