Mergers and Acquisitions

China's Anbang Ups Offer for Starwood to $14B

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.

Rpt: TiVo in Talks to be Bought by Rovi

Set-top box maker TiVo is in advanced talks to sell itself to digital entertainment guide provider Rovi, the New York Times reported on Thursday, citing people briefed on the talks.

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).

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.

General Electric’s Shrinkage is a Good Thing

GE is oh so close to becoming a growth industrial stock after years of being a stagnant one, now that the industrial giant ahead of schedule in jettisoning the bulk of GE Capital.

Office Depot-OfficeMax deal gets U.S. antitrust nod

A deal to combine No. 2 U.S. office supply retailer Office Depot Inc with smaller rival OfficeMax Inc has won approval from the U.S. Federal Trade Commission, the companies said in a joint statement on Friday.