by Calculated Risk on 7/03/2007 08:11:00 PM

From the WSJ: Blackstone to Acquire Hilton

[Blackstone] agreed to acquire Hilton Hotels Corp. for $47.50 a share in cash, or $18.5 billion, plus the assumption of $7.5 billion in debt.

Also from the WSJ: Buyout Firm KKR Files For Initial Public Offering

Private-equity heavyweight Kohlberg Kravis Roberts & Co. filed for an initial public offering Tuesday, ... seeking a $1.25 billion in the offering.