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Muckety movers - Pritzker feuding may affect Hyatt IPO

By Muckety

October 19, 2009 at 5:35pm
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For Hyatt Hotels, family roots are both a strength and a liability.

The hotel chain was founded in 1957 by Jay Pritzker, who worked with his brother Donald to expand holdings throughout North America.

But in SEC filings, the company acknowledges that a tradition of family infighting “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 about Hyatt and the Pritzker family.”

The company, 85 percent owned by the Pritzkers, is seeking to raise up to $1.15 billion in an IPO.

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