Hyatt Hotels estimates shares will sell for
$23-$26 in initial public offering

Chicago Tribune

Hyatt Hotels Corp. announced Monday that the shares it expects to sell to the general public will be priced at $23 to $26. The announcement comes just days after the Pritzker family, which controls the chain, aired its infighting in documents filed with the Securities and Exchange Commission.

"Disputes among Pritzker family members ... may arise or continue in the future," Hyatt warned in a revised initial public offering document that has not yet received SEC approval. "If such disputes occur, they may result in significant distractions to our management, disrupt our business, have a negative effect on the trading price of our Class A common stock and/or generate negative publicity."

… Joe Astrachan, executive director of the Cox Family Enterprise Center at Kennesaw State University, said most investors are looking well beyond the present. He said that though a family's disputes may make for interesting reading, they probably will have little to no effect on investors.

"They're airing on the side of transparency, which is always good for an investment," he said.