Hyatt Hotels (H) said Monday that its subsidiary, HI Holdings Playa, has extended the offering period of its cash tender offer to acquire all outstanding shares of Playa Hotels & Resorts (PLYA) for $13.50 per share.
The company said the offer will now expire on May 23 unless further extended or terminated.
Hyatt said in February that it had agreed to acquire Playa Hotels & Resorts for about $2.6 billion.
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