Anbang drops bid, Starwood-Marriott deal on again?
April 1, 2016
With the Chinese Anbang group abruptly dropping its $14 billion bid for the Starwood Hotels group, it appears that a planned merger with Marriott is on.
With the Chinese Anbang group abruptly dropping its $14 billion bid for the Starwood Hotels group, it appears that a planned merger with Marriott is on.
A last minute bid by Chinese insurance consortium Anbang has put Starwood’s sale to Marriott on hold. Marriott has 10 days to match the bid.
With the Chinese Anbang group abruptly dropping its $14 billion bid for the Starwood Hotels group, it appears that a planned merger with Marriott is on.
A last minute bid by Chinese insurance consortium Anbang has put Starwood’s sale to Marriott on hold. Marriott has 10 days to match the bid.