SUBSCRIBERS

Anbang's US$14 billion offer could kill Marriott's bid for Starwood

Published Tue, Mar 29, 2016 · 09:50 PM

New York

MARRIOTT International Inc is facing the prospect that four months of work towards completing a purchase of Starwood Hotels & Resorts Worldwide Inc coming undone.

Starwood received a takeover offer of US$82.75 a share, or US$14 billion, from a group led by China's Anbang Insurance Group Co.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here