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. Last Updated: 07/27/2016

U.S., British Hiltons in Talks to Reunite

LONDON -- U.S. group Hilton Hotels Corp. is in talks to buy the hotels of its British namesake, the companies announced on Friday, a deal that would reunite the Hilton brand after more than 40 years.

Both Hilton groups confirmed talks were taking place but said a deal was not yet done.

"The board confirms that it has received an indicative offer from Hilton Hotels Corporation, which it is currently evaluating," Hilton Group said in a statement.

"While discussions are ongoing a definitive agreement has not been signed and there can be no assurance that any transaction will result from such discussions," Hilton Hotels Corp. said in a separate, brief statement.

The Hilton business split in 1964 with the U.S. company running all U.S. Hilton hotels and the British company operating the brand elsewhere.