Hyatt hotels to buy shares from founder's family | businessweek.com

Family members of Hyatt's founder are cashing in some of their shares. Hyatt Hotels Corp. said Monday that it will spend nearly $400 million to buy shares from trusts that benefit family members of its founder, Jay Pritzker. Hyatt will pay $44.03 -- the company's Friday closing price -- for each of the 9 million shares. That represents about 5 percent of Hyatt's total shares outstanding.