Hyatt Hotels (H) - Get Report shares were down nearly 1% Tuesday morning after the company announced that investment funds associated with Goldman Sachs (GS) - Get Report were selling shares of 4 million shares of the company in a secondary offering. Hyatt will not be getting any proceeds from the sale.
The offering is expected to close Friday, May 26 and stockholders will receive all of the profits associated with the sale of the shares.
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