Starwood Hotels & Resorts said Friday that a group led by China-based Anbang Insurance Group raised its buyout bid for the hotel company to $13.2 billion, and that it will accept the offer and terminate Marriott International's buyout agreement.
from HOTELMARKETING.COM http://ift.tt/1LAuKCZ
Monday, March 21, 2016
Starwood accepts “superior” Chinese takeover bid
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