Hotel battle heats up: China’s Anbang raises offer for Starwood to $13.9B

USA Today

In a statement, Marriott said Monday it was committed to completing its deal but it didn’t raise its current offer. “Starwood stockholders should give serious consideration to the question of whether the Anbang-led consortium will be able to close the proposed transaction, with a particular focus on the certainty of the consortium’s financing and the timing of any required regulatory approvals,” Marriott said.  [Full Article]