Hilton raises stock repurchase authorization by $2.5B to $3.4B

The board of directors of Hilton Worldwide authorized the repurchase of an additional $2.5B of common stock under the company’s existing stock repurchase program, bringing the total amount currently authorized for future repurchases to approximately $3.4B. Hilton may purchase shares in the open market, in privately negotiated transactions or in such other manner as determined by Hilton, including through repurchase plans complying with the rules and regulations of the Securities and Exchange Commission.