Monday, April 4, 2016

Starwood (HOT) & Marriott (MAR) Dropped After Angbang Exited Bidding

China's Angbang Insurance has reportedly walked away from its attempt to acquire Starwood Hotels & Resorts Worldwide (HOT), withdrawing its $14 billion bid. The move clears the way for Marriott International (MAR), which has bid $13.6 billion, to acquire Starwood.

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