Anbang withdraws Starwood bid, clearing way for Marriott buyout

Starwood Hotels & Resorts said Thursday that a consortium led by Anbang Insurance Group withdrew its all-cash $14.1 billion offer for the company, and that Starwood’s board continues to support its buyout agreement with Marriott International.

Source: Hotel Marketing
Anbang withdraws Starwood bid, clearing way for Marriott buyout

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