Billionaire investor John Paulson, who founded the New York hedge fund Paulson & Co., may not be particularly happy with the price that Starwood Hotels & Resorts Worldwide Inc. agreed to be bought out for by Marriott International Inc. . The latest regulatory filings shows that Paulson & Co. owned 12 million Starwood shares as of June 30, making the fund the hotel operator's largest shareholder, according to FactSet. Those shares were all acquired during the second quarter, in which the shares traded within an intraday range of $80.06 to $87.99. With Marriott's stock down 1.9% at $71.38, the stock and cash deal values Starwood's shares at about $67.67 a share. Monday is the deadline to file fund holdings as of Sept. 30, so Paulson will disclose at some point during the day if it sold off, reduced, maintained, or acquired more Starwood shares during the third quarter, when the stock traded in a range of $63.95 to $78.76.
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