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Home Tag Archives: Anbang

Tag Archives: Anbang

Starwood reject Marriott deal in favour of Anbang merger

By subhadip
March 18, 2016
in :  Travel
Comments Off on Starwood reject Marriott deal in favour of Anbang merger

Starwood Hotels & Resorts has rejected a proposed takeover by Marriott International, preferring to explore what it views as a “superior offer” from a consortium led by Anbang. The Chinese insurance giant tabled a bid of $78 per share for the American hotel giant earlier, valuing the company at $13.2 billion. Marriott now has until March 28th to respond with …

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