(Bloomberg) — Apollo Global Management Inc. made a first-round offer for Hilton Grand Vacations Inc. valuing the timeshare resort operator at about $40 per share, according to people familiar with the matter.The Blackstone Group Inc. also bid for the Orlando, Florida-based company, said the people who asked to not be identified because the matter isn’t public.Hilton Grand Vacations’ shares rose to their highest level since June 2018, jumping as high as 10.3%. The shares were up 6.1% to $34.65 at 1:07 p.m. in New York trading, giving the company a market value of about $3 billion.Representatives for Apollo and Blackstone …read more
Source:: Yahoo Finance
