China’s Anbang raises bid for Starwood, trumps Marriott
In the latest turn in the bidding war for the US hotel operator, Starwood said the consortium led by Anbang Insurance gave a non-binding offer on Saturday of $82.75 per share, an all-cash deal valued at $14 billion.
Mar 29, 2016, 03:10 AM IST
China's Anbang raises offer for Starwood to $14 billion
China`s Anbang Insurance Group Co has raised its offer for Starwood Hotels & Resorts Worldwide Inc to almost $14 billion, in its latest challenge to the U.S. hotel operator`s merger with Marriott International Inc
Mar 28, 2016, 20:27 PM IST