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Starwood accepts sweetened bid from Marriott

Published Mon, Mar 21, 2016 · 09:50 PM

Berlin

STARWOOD Hotels & Resorts Worldwide Inc accepted an improved bid from Marriott International Inc valued at US$13.6 billion, topping an offer from a group of investors led by China's Anbang Insurance Group Co.

Under the terms of the new offer, Starwood shareholder…

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