Hilton Grand Vacations Shares Slip After Apollo-Managed Secondary Offering Announced
Hilton Grand Vacations Inc. saw its stock fall about 2% in after-hours trading following disclosure that entities managed by affiliates of Apollo Global Management plan to sell 5,000,000 shares of HGV common stock in a secondary offering. Hilton Grand Vacations will not sell shares nor receive proceeds from the sale, but has authorized a contingent…