Singapore GIC buys 3 mln Hyatt Hotels shares

Reuters, 13 Nov 2009
SINGAPORE, Nov 13 (Reuters) - The Government of Singapore Investment Corp (GIC) said it has bought 3 million 'Class A' shares of Hyatt Hotels Corp (H.N), which raised $950 million this month in an initial public offering.
In a regulatory filing to the U.S. Securities and Exchange Commission, GIC said the purchase represented a 6.9 percent passive stake in Hyatt.
Hyatt Hotels sold 38 million shares at $25 per share in its IPO....
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