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Starwood Gets Offer From Group Led by Anbang, Threatening Marriott Deal

Starwood Hotels Resorts Worldwide Inc. has perceived a $12.8 billion takeover offer from a organisation led by China’s Anbang Insurance Group Co., melancholy to invert Starwood’s tie-up with Marriott International Inc.

Under a new proposal, a consortium would compensate $76 a share in money for all shares superb of a company. The offer is a 7.9% reward to Starwood’s shutting batch of $70.42 on Friday. Marriott’s cash-and-stock deal…

Article source: http://www.wsj.com/articles/starwood-receives-unsolicited-offer-complicating-tie-up-with-marriott-1457954245

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