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Starwood accepts sweetened bid from Marriott

Tuesday, March 22, 2016 - 05:50

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Starwood's merger with Marriott will create the world's largest hotel company with about 30 brands.

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 shareholders will

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