In a victory for hotel executive Barron...
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In a victory for hotel executive Barron Hilton, the state Supreme Court let stand a lower court decision upholding his right to buy a 27% interest in Hilton Hotels left by his father, Conrad N. Hilton. The California Court of Appeal put Barron Hilton’s option to purchase the shares above claims of the Conrad N. Hilton Foundation for the stock. The foundation, main beneficiary under the founder’s will, is to get the money from the stock sale. The appeal court has sent the case back to the probate division of Los Angeles County Superior Court to set the stock’s price. Meanwhile, negotiations on the terms have been reported for some months between Hilton and the foundation.
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