Hyatt gets all regulatory approvals for Playa Hotels' acquisition
Hyatt Hotels Corporation, a leading global hospitality company, has announced that all required regulatory approvals have been obtained for its previously announced cash tender offer to purchase all of the outstanding ordinary shares of Playa Hotels & Resorts NV for $13.50 per share in cash.
The offer is being made pursuant to the previously announced purchase agreement dated February 9, 2025 among Hyatt, HI Holdings Playa BV and Playa.
On June 5, 2025, pursuant to the provisions of the Federal Law of Economic Competition, the Federal Competition Commission issued a resolution approving the transactions contemplated by the Purchase Agreement.
As a result of the regulatory approvals, Hyatt said it expects to complete the tender offer promptly following the expiration of the offer, which is scheduled to expire at 5pm, New York City time on June 9.
Completion of the tender offer remains subject to the conditions described in the tender offer statement on Schedule to Assuming the minimum tender and other offer conditions are satisfied, the tendered shares are expected to be accepted for payment on or about June 11, 2025.
Pursuant to the terms of the Purchase Agreement, if the minimum tender condition in the tender offer is satisfied, along with certain other closing conditions expected to be satisfied at expiration, then on June 10, 2025, Hyatt will commence a subsequent offering period for the tender offer for any Playa ordinary shares not already tendered, which will expire at 11:59 p.m, New York City time, on June 16, 2025.
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Hyatt gets all regulatory approvals for Playa Hotels' acquisition
Hyatt Hotels Corporation, a leading global hospitality company, has announced that all required regulatory approvals have been obtained for its previously announced cash tender offer to purchase all of the outstanding ordinary shares of Playa Hotels & Resorts NV for $13.50 per share in cash. The offer is being made pursuant to the previously announced purchase agreement dated February 9, 2025 among Hyatt, HI Holdings Playa BV and Playa. On June 5, 2025, pursuant to the provisions of the Federal Law of Economic Competition, the Federal Competition Commission issued a resolution approving the transactions contemplated by the Purchase Agreement. As a result of the regulatory approvals, Hyatt said it expects to complete the tender offer promptly following the expiration of the offer, which is scheduled to expire at 5pm, New York City time on June 9. Completion of the tender offer remains subject to the conditions described in the tender offer statement on Schedule to Assuming the minimum tender and other offer conditions are satisfied, the tendered shares are expected to be accepted for payment on or about June 11, 2025. Pursuant to the terms of the Purchase Agreement, if the minimum tender condition in the tender offer is satisfied, along with certain other closing conditions expected to be satisfied at expiration, then on June 10, 2025, Hyatt will commence a subsequent offering period for the tender offer for any Playa ordinary shares not already tendered, which will expire at 11:59 p.m, New York City time, on June 16, 2025.
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