Hilton, Grand Casinos' S-4 Registration Statement Declared Effective by SEC
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Oct. 23, 1998--Hilton Hotels Corp. (NYSE:HLT - news) and Grand Casinos Inc. (NYSE:GND - news) Friday said that the registration statement relating to their joint proxy statement and prospectus -- for the proposed separation of Hilton's gaming and lodging businesses, the proposed merger of Hilton's gaming business (to be renamed Park Place Entertainment Corp.) with Grand Casinos' Mississippi operations, and the proposed separation of Grand Casinos' Mississippi business from its Indian casino-management business -- has been declared effective by the Securities and Exchange Commission.
Proxy materials will be mailed to shareholders early next week. Hilton said that its shareholder meeting will be held Tuesday, Nov. 24, at 2 p.m. PST in Beverly Hills. Grand Casinos' shareholder meeting also will be held Nov. 24, at 2 p.m. CST in Plymouth, Minn. The record date for shareholders of both companies is Oct. 20, 1998.
The effectiveness of the Park Place Entertainment Corp. registration statement represents another step in the process toward completing the transactions by year-end 1998, subject to shareholder, regulatory and other approvals. |
