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Secondary offering of class A Hyatt common shares closes

The secondary offering of 4.0 million shares of Hyatt Hotels Corp.'s class A common stock settled May 26.

The underwriters agreed to buy the shares at a price of $57.53 apiece, according to a filing.

The selling stockholders, comprising investment funds related to Goldman Sachs Group Inc., received the entire net proceeds from the offering.

Deutsche Bank Securities Inc. and Merrill Lynch Pierce Fenner & Smith Inc. were the underwriters.