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BRIEF-Hyatt announces redemption of $290 million Playa preferred stock investment
March 16, 2017 / 11:40 AM / 6 months ago

BRIEF-Hyatt announces redemption of $290 million Playa preferred stock investment

March 16 (Reuters) - Hyatt Hotels Corp

* Hyatt announces redemption of $290 million Playa preferred stock investment; commences $300 million accelerated share repurchase; updates 2017 outlook

* Hyatt Hotels Corp - 2017 net income is expected to be approximately $130 million to $166 million

* Hyatt Hotels - entered accelerated share repurchase agreement with affiliate of Deutsche Bank AG to repurchase $300 million of Hyatt’s class A common stock Source text for Eikon: Further company coverage:

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