Beta Pi:
TICK-A-LOR FINANCIAL NEWS SERVICE: The wires were a-buzz, ticker-tape pouring out, the telegraphic ticker clacking, Tick-a-lor news was flying.
Steven B. Starr of RBS Investments (see the link to his website, on the right) forwards a Wall Street Journal article to me entitled "Blackstone to Acquire Hilton for $18.5 Billion, Plus Debt" (click on the link, WSJ Article, Dr. Phibes - to the right).
And, just in from Beta Pi Blog Financial Correspondent Jimmy Grissett . . .
THE GRISSETT FINANCIAL REPORT:
"Dear Larry/Bozo:
Here's the latest on Brother 
Hart and Hilton Hotels -- fortunately, I and my clients owned a good bit of HLT -- but not enough obviously. At least I can afford some extra fireworks and BBQ sauce tomorrow -- if only I could get a room at the Waldorf for the NAREIT conference next year . . .
Happy 4th Of July,
JAG III
Jim Grissett
* * * *
And now, another episode of . . .
MARLON NOIR, BLOG REPORTER. Featuring Blog Reporter 
Marlon
It started raining, and I had to finish my cigarette, and get rid of 
the dame, "Hey Dollface, get lost. I need to log on to Rueters for my news fix, now beat it!" I just wish that damn screen door would quit flapping. Lets see what big news there is on Rueters . . .:
"LOS ANGELES (Reuters) - U.S. private equity firm Blackstone Group agreed on Tuesday to buy Hilton Hotels Corp. for about $20 billion plus debt, the richest in a series of recent private equity offers for hotel companies."
You know, I’d been wondering about this possibility for awhile now. Not that there hasn't been ample - some might say rampant - speculation anyway. I have to say I was particularly intrigued by the somewhat cryptic manner in which 
The Abominable Dr. Phibes signed off of his last e-mail with "good luck boys." Now we know. . .
Dollface, come in out of the rain, and grab my pack of Camels, its time for another cigarette.
* * * *
Check out Beta Pi Blog on the web! The blog address is:
http://journals.aol.com/lasimons4law/beta-pi-blog/
VTL,
Larry Simons
Beta Pi, ‘72
2 comments:
FROM JIMMY GRISSET, July 6, 2007:
"Marlon/Duster --
Something tells me if you don't start giving Dollface a little more of what she wants and needs, somebody else might and I think I know who that might be.
JAG III"
FROM FRANK COLLINS, July 6, 2007:
"Larry:
Checking the WSJ today I see that the timing of this sale might not necessarily work to Brother Hart's advantage. He was due to take the CEO position at the end of the year, but instead will have to report up to a new owner. That crafty SOB no doubt thought of this before accepting the job. But if he is looking for work, Merrill could always use a well qualified Financial Advisor!
Frank"
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