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Starwood Hotels & Resort News

Anbang Insurance

28 Mar 2016

China’s Anbang raises bid for Starwood, trumps Marriott

In the latest turn in the bidding war for the US hotel operator, Starwood said the consortium led by Anbang Insurance gave a non-binding offer on Saturday of $82.75 per share, an all-cash deal valued at $14 billion.

Anbang Insurance Group

28 Mar 2016

China's Anbang raises offer for Starwood to $14 billion

China`s Anbang Insurance Group Co has raised its offer for Starwood Hotels & Resorts Worldwide Inc to almost $14 billion, in its latest challenge to the U.S. hotel operator`s merger with Marriott International Inc

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