Anbang Insurance

China's Anbang to Acquire Starwood Hotel Group At More Than $13 Billion Bid

Starwood is about to dump Marriott's offer in favor of Anbang's more than $13 billion bid for the acquisition. If the deal pushes through, Starwood will pay Marriott a breakup fee of $400 million. Marriott has been given five days to counterbid.

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