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China's Anbang abandons $14bn bid to buy StarwoodChina's Anbang Insurance Group Co said it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide, paving the way for Marriott International to buy the Sheraton and Westin hotels operator. More… |
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China group raises offer for Starwood to $14bnChina's Anbang Insurance Group Co raised its offer for Starwood Hotels & Resorts Worldwide to almost $14 billion, Starwood said on Monday, in the latest challenge to the US hotel operator's merger with Marriott International. More… |
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Starwood dumps Marriott for higher $13bn Chinese offerStarwood Hotels & Resorts Worldwide said a $13 billion cash offer from China's Anbang Insurance Group Company was superior to one from Marriott International, setting the stage for the largest ever deal by a Chinese company in the US. More… |
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China’s Anbang offers $13bn for Starwood HotelsChina's Anbang Insurance Group Co has challenged Marriott International Inc's merger with US hotel operator Starwood with a $12.8 billion cash offer, burnishing its credentials as one of China's top corporate acquirers. More… |
