Hilton Worldwide (HLT) Completes Spin-off of Park Hotels & Resorts (PK) and Hilton Grand Vacations (HGV)
Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) today announced the completion of the spin-offs of Park Hotels & Resorts Inc. (NYSE: PK) and Hilton Grand Vacations Inc. (NYSE: HGV), resulting in three independent, publicly traded companies.
Park and HGV will begin “regular way” trading on the New York Stock Exchange (NYSE) today, January 4, 2017, under the ticker symbols “PK” and “HGV,” respectively. Hilton also effected a previously-announced 1-for-3 reverse stock split, and will continue to trade on the NYSE under the ticker symbol “HLT.”
Source: Street Insider