Hyatt shares tick lower as Goldman Sachs funds to sell large stake

Hyatt Hotels Corp. shares ticked lower in the extended session Monday after the hotel operator said investment funds associated with Goldman Sachs Group Inc. are selling off a large chunk of shares. Hyatt shares declined 2.4% to $57.01 after hours on light volume. The company said that the funds are selling 4 million shares of Hyatt under a secondary offering and that Hyatt will not receive proceeds from the sale. Hyatt has 125.5 million shares outstanding.

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