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Search results for “Starwood”
Marriott brings new hotel brands to China
03/21/2017
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4:17:34 PM
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Marriott has introduced its independently-branded upscale hotel the Shanhaitian Resort Sanya to China, following an earlier Chinese debut of its Tribute Portfolio collection last month.
China updates 'sensitive sectors' for outbound investment in hotels
02/13/2018
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3:56:49 PM
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China updated its list of "sensitive sectors" on February 11 for outbound investment in properties, hotels, cinemas, entertainment, sports clubs and equity investment funds.
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.
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.
Marriott Investor Call: This Is What We Have in Store for Starwood
03/22/2016
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6:31:19 PM
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Marriott held a call for investors on this Monday morning, talking primarily about the new deal’s terms. Marriott decided to combine its Rewards with Starwood Preferred Guest loyalty programs and integrate their brands.With newly revised bid, the synergies have risen to $250 million, and Marriott expects them to be fully achieved within two years after closing.
Marriott and Starwood sign amended merger agreement valued at $13.6 billion
03/22/2016
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11:09:50 AM
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Starwood decided that improved offer at $13.6 billion from Marriott is superior compared to previous proposal led by Anbang consortium at $13.2 billion.
Starwood plans to accept $13.2 billion acquisition by Anbang consortium
03/22/2016
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10:46:30 AM
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The Anbang-led group sweetens its offer to $78 a share in cash for Starwood while Marriott says it's considering options, having March 28 as the deadline.
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.
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