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Marriott wins Starwood support with improved acquisition offer

03/22/2016| 10:46:22 AM| 中文

Starwood accepted an improved bid from Marriott at $13.6 billion, topping an offer from a group of investors led by China’s Anbang Insurance Group.

Starwood accepted an improved bid from Marriott International valued at $13.6 billion, topping an offer from a group of investors led by China’s Anbang Insurance Group Co.

Under the terms of the new offer, Starwood shareholders will receive $21 in cash and 0.80 shares of Marriott common stock for each Starwood share, according to a statement on Monday.

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TAGS: Starwood | Marriott | Anbang | acquisitions
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