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Anbang makes binding Starwood Hotels bid

Saturday, March 19, 2016 - 05:50


STARWOOD Hotels & Resorts Worldwide Inc, owner of brands such as Westin, Sheraton and W, said it received a binding US$13.2 billion takeover bid from a group led by China's Anbang Insurance Group Co, a superior offer to one by Marriott International Inc.

Anbang and its

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