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[video] Hilton Worldwide Files for IPO

Stocks in this article: BX DELL

NEW YORK ( TheStreet) -- The S&P 500 is trying for its eighth consecutive positive close, although it is slightly in the red halfway through Thursday's session. TheStreet's Brittany Umar and Antoine Gara break down the rest of the day's events.

The takeover bid from Michael Dell and Silver Lake Partners for Dell (DELL) was approved by shareholders today and Hilton Worldwide filed for its IPO.

Umar said the offering could be up to $1.25 billion and will likely be one of the most closely watched of this year.

The company was bought by The Blackstone Group (BX) in 2007 for $26 billion, Gara said.

He added that Blackstone has been focused on building out and leveraging the premium brand name of Hilton and has significantly cleaned up its financial profile.

Coupled with stronger cash flows and an improved EBITDA, the rebounding lodging market also makes for a better IPO environment, Gara said, concluding that the IPO will allow Blackstone to focus on other high-return assets.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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