HOT: Starwood Recieves Bid From Chinese Company

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Starwood is reported by the WSJ to have received an unsolicited bid from the Chinese Company, Anbang Insurance Group.

“Offer from a group led by China’s Anbang Insurance Group would pay $76 a share in cash.”

HOT: Starwood Recieves Bid From Chinese Company

The previous deal with Marriott is valued at $12.2 billion and the new offer is reportedly worth $12.8 billion.

This has the potential to change the landscape by possibly preventing the Marriott / Starwood merger. It certainly complicates things.

This story is still developing…more to come.

Related

Goodbye Starwood Preferred Guest? I Will Miss You!

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About The Weekly Flyer

The Weekly Flyer writes about travel from a business traveler perspective. He travels the world every week accumulating points and miles along the way.

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