Starwood weighs improved takeover bid from China's Anbang
Starwood Hotels & Resorts said Monday it was weighing an improved takeover bid from a group led by Chinese insurer Anbang rivaling its agreed deal with Marriott International. In the latest turn in the bidding war for the US hotel operator, Starwood said the consortium led by Anbang Insurance proposed Saturday to pay $82.75 per share, an all-cash deal valued at $14 billion. Marriott's cash-and-stock offer was worth $13.6 billion when Starwood said on March 21 that it had accepted the sweeten
Read more »