InsideArbitrage Potential Deal Alert: Hyatt (H) Evaluates Strategic Options, Including Potential Acquisition of Playa Hotels (PLYA)

POTENTIAL DEAL DETAILS

Hyatt Hotels (H) announced in a 13D filing it has entered into an exclusivity agreement with Playa Hotels & Resorts (PLYA), granting Hyatt a 45-day period during which Playa Hotels agrees not to engage in discussions or negotiations with any other party.

During this exclusivity period, Hyatt is exploring various strategic options for its investment in Playa Hotels. These include submitting a proposal to potentially acquire most or all of Playa Hotels’ assets or stock. Additionally, Hyatt may consider other options, such as selling or acquiring shares, assets, or parts of Playa Hotels’ business. However, there is no assurance that Hyatt will make a formal proposal or successfully close any transaction.

To support this exploration, Hyatt has engaged consultants and advisors and may seek outside capital or collaborate with other parties.

Playa Hotels & Resorts N.V. Investor Relations

Hyatt Hotels Corporation Investor Relations

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.