Mergers and Acquisitions

Markets

Starwood Inclined to Go With Improved Anbang Bid

Starwood (HOT) has deemed a raised $78/share, or $13.2B, buyout offer from a Chinese group led by Anbang Insurance to be superior to the largely stock deal the hotelier reached in November with rival Marriott (MAR).

Markets

Unnamed Group Making a Run at Starwood

Four months after cinching a buyout deal with rival Marriott (NYSE:MAR), Starwood (NYSE:HOT) says it's received a nonbinding proposal from an unnamed "consortium of companies" at $76/share in cash, or $12.8B and versus MAR's largely stock deal initially valued at $12.2B but currently worth closer to $11B, or $65.38/share.