J.C. Flowers & Co.
China's Anbang Drops $14 Billion Bid Offer for Starwood Hotels
| Charissa Echavez | | Apr 01, 2016 07:17 AM EDT |
China's Anbang Insurance Group Co. dropped its $14 billion bid offer for Starwood Hotels & Resorts Worldwide Inc because of "market consideration," a surprise move just two days after the Chinese insurer raised its offer from $13.9 billion.
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