This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Hyatt Hotels Corporation Announces Exercise of Option to Purchase Additional Shares 2009-11-06 18:48 ET - News Release  Company Website:
http://www.hyatt.com CHICAGO -- (Business Wire)
Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) announced
today that in connection with the Company’s initial public offering the
underwriters have exercised in full their option to purchase 5,700,000
shares of Class A common stock from the Company at the initial public
offering price of $25.00per share. Hyatt expects to receive net
proceeds of approximately $127.3 million from the sale of the shares,
after deducting the underwriting discount and estimated offering
expenses payable by the Company. Hyatt intends to use the net proceeds
primarily for working capital and other general corporate purposes. The
option to purchase additional shares was granted in connection with the
Company’s initial public offering of 38,000,000 shares of Class A common
stock to be sold by certain existing stockholders of the Company. Hyatt
will not receive any of the proceeds from the sale of shares of Class A
common stock by the selling stockholders.
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