We question whether HHC would pay a premium over our 3bn valuation as in our opinion cost savings are likely to be limited given that they already have many shared back office systems.
Quotes about hhc (2 Quotes)
Clearly there are a number of issues that could affect the price, including Hilton's unusually low tax charge and the lack of new synergies between HHC and Hilton International, given that the businesses already share a booking system, rewards system, marketing arrangements and brand.