Business briefs: Cigarette smuggling 

Sales of smuggled and counterfeited cigarettes sold on the black market last year accounted for 10.7 percent of total global tobacco sales, and their sale costs governmentsmore than $40 billion each year in unpaid taxes, according to findings released in Bangkok by experts at an inter-

national conference being held there this week.

HILTON HOTELS

Hilton Hotels Corporation (HLT) has entered into a definitive merger agreement with The Blackstone Group’s (BX) real estate and corporate private equity funds in an all-cash transaction valued at approximately $26 billion. Under the terms of the agreement, Blackstone will acquire all the outstanding common stock of Hilton for $47.50 per share.

About The Author

Staff Report

Staff Report

Bio:
A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
Pin It
Favorite

Speaking of Business

More by Staff Report

Latest in Business & Real Estate

Thursday, Apr 26, 2018

Videos

Most Popular Stories

© 2018 The San Francisco Examiner

Website powered by Foundation