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Tag: Finance

The Battle for Starwood

A consortium led by the little known Anbang Insurance Group is currently challenging Marriott International, a known leader in the hotel industry for Starwood Hotels and Resorts.

While in the final stages of the initial deal with Marriott, Anbang led the consortium to put forward a superior all cash offer triggering a three-week bidding war. In the final hours of writing this the Wall Street Journal just broke the news that Anbang has abruptly pulled their most recent $14 billion all cash offer…

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