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Starwood Hotels gets rival bid from Anbang consortium
Add BT as a preferred sourcePublished Mon, Mar 14, 2016 · 09:50 PM
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STARWOOD Hotels & Resorts Worldwide Inc, which is being bought by Marriott International Inc, has received a separate, unsolicited takeover proposal from a group of companies led by China's Anbang Insurance Group Co.
The proposal is for US$76 per share in cash for all of the company's outstanding shares, Starwood said in a statement on Monday. That values Stamford, Connecticut-based Starwood at about US$12.9 billion, based on its estimate of 170 million shares.
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