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Search results for “Waldorf Astoria”
Mystery deal in Canada throws spotlight on Chinese insurer
05/23/2016
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9:35:11 AM
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An executive for Chinese insurance company Anbang led talks to buy InnVest properties, then represented another buyer when Anbang dropped out
Chinese buyers spend USD 2.6 billion on US hotel property acquisitions in 2015
04/12/2016
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8:13:56 AM
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Chinese companies splashed out USD 2.6 billion on buying US hotel properties in 2015 and the buying spree is expected to keep on
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 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 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.
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.
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
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.
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