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Hyatt

June 27, 2013

Penny Pritzker has become the first US commerce secretary from a major family business since steel industrialist William Verity held the post during the Reagan administration.

Penny Pritzker has become the first US commerce secretary from a major family business since steel industrialist William Verity held the post during the Reagan administration.

The appointment of Hyatt second-gen Pritzker as US commerce secretary could allow her to advance the interests of family business, according to Josh Baron, a Partner with US-based Banyan Family Business Advisors. 

May 18, 2011

The controlling family behind Hyatt Hotels Corporation plans to sell nine million of their Class B voting shares back to the company, the group said in a statement on 16 May.

The controlling family behind Hyatt Hotels Corporation plans to sell nine million of their Class B voting shares back to the company, the group said in a statement on 16 May.

The Pritzker family, which holds around 80% of the Class B stock (over 100 million shares) through a number of family trusts, will sell nine million shares for $395.7 million. The deal is expected to close this month and accounts for around 6.9% of the company’s overall Class B shares.

November 6, 2009

Hyatt Hotels Corporation, the Hotel empire controlled by the Pritzker family, announced last night it has raised $950 million from its initial public offering on the New York Stock Exchange.

Hyatt Hotels Corporation, the Hotel empire controlled by the Pritzker family, announced last night it has raised $950 million from its initial public offering on the New York Stock Exchange.

It is the second-largest IPO this year, topped only by the 7 October listing of a branch of another family business, Banco Santander. In a statement released yesterday the non-family CEO Mark Hoplamazian called the first day of trading a "success".

August 6, 2009

The Chicago-based Pritzker family, owners of the Hyatt Hotel Corporation, yesterday took the first step to taking the 52-year-old company public when it filed a registration statement for an Initial Public Offering with SEC in the US.

The Chicago-based Pritzker family, owners of the Hyatt Hotel Corporation, yesterday took the first step to taking the 52-year-old company public when it filed a registration statement for an Initial Public Offering with SEC in the US.
 
It is hoped the move will raise up to $1.15 billion to bolster the corporation's finances and fund new property investments, according to the statement. Hyatt's current non-family CEO Mark Hoplamazin will lead the new public company.
 

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