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Search results for “Anbang Insurance”
Fosun, HNA are interested in resort operator Apple Leisure
07/04/2016
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10:10:42 AM
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Resort operator Apple Leisure Group is exploring a sale that could value it at more than $1.5 billion, after attracting interest from China's Fosun Group and HNA Group.
Starwood rival takeover bid: What it means for brands, executives and shareholders
03/16/2016
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10:06:41 PM
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Starwood Hotels & Resorts’ board of directors has exactly until 11:59 p.m. Eastern this Thursday to make a big decision about whether or not the Stamford, Connecticut-based company will continue with its $12.2 billion merger agreement with Marriott, or whether it will accept a new $14 billion bid from a group of companies led by Anbang Insurance Group, J.C. Flowers & Co., and Primavera Capital Group.
Anbang plans to convert Waldorf Astoria to apartments
06/27/2016
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10:24:11 AM
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China's Anbang Insurance plans to convert three-quarters of the rooms at Waldorf Astoria hotel into apartments, the Wall Street Journal reported on Sunday.
Hotel industry to see more consolidation
06/07/2016
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2:44:57 PM
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Blackstone Group's senior executive Jon Gray expects sale of Strategic Hotels to Anbang to go through.
Anbang insists it has $14b for "in-line-with-rules" Starwood bid
03/30/2016
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2:14:37 PM
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A spokesperson for Anbang said the insurer's Starwood takeover bid conforms with rules and regulations and the company has an ample overseas investment quota for this year.
Regulator “clearly disapproves” insurer's plans for overseas hotel investments
03/23/2016
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10:58:13 AM
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China Insurance Regulatory Commission has "clearly disapproving attitude" toward Anbang's acquisitions, source says, in part because of limits on assets invested abroad
Anbang-led group's USD 14 billion offer to Starwood overrides Marriott again
03/28/2016
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2:06:33 PM
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A revised takeover offer at about $14 billion from the Anbang consortium constitutes a “Superior Proposal” as defined in Starwood’s merger agreement with Marriott.
Anbang abruptly withdraws Starwood bid, clearing Marriott's acquisition
04/01/2016
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10:13:25 PM
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The Chinese insurer cites "various market considerations" for withdrawal of its Starwood bid and shareholder vote for Marriott takeover set for April 8.
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