Hilton's Fight for ITT: The Saga So Far JAN. 27 Hilton bids $55 a share plus debt assumption, or $10.5 billion, for ITT Corp. MAR. 6 ITT agrees to sell its half of Madison Square Garden, the New York Knicks, the New York Rangers, and Madison Square Garden Network to Cablevision Systems for $650 million. APR. 30 ITT sells its remaining 2.8% stake in France's Alcatel Alsthom for $530 million. MAY 12 ITT and Dow Jones announce sale of WBIS+ for $257.5 million. MAY 19 ITT agrees to sell five Sheraton Hotels to FelCor Suite Hotels for $200 million, with ITT retaining management contracts. JUNE 3 Investment bankers say ITT may sell The St. Regis and some of its luxury hotels. JUNE 9 Hilton warns it may cut its offer if ITT keeps selling hotels. DATA: BUSINESS WEEK Return to main story

Updated June 23, 1997 by bwwebmaster
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