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China's Anbang Drops $14 Billion Bid Offer for Starwood Hotels

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.

Starwood confirms it has received a sweetened $14 billion offer from China's Anbang Insurance Group

China's Anbang Raises Offer for Starwood Hotels at $14Billion

Charissa Echavez |

Mar 31, 2016 08:27 AM EDT

China's Anbang Insurance Group Co has raised its offer higher for Starwood Hotels & Resorts Worldwide Inc. to nearly $14 billion, Starwood confirmed on Monday, in its highly intense bidding war against Marriott International Inc.

China's Anbang says it has not reached overseas investment quota yet

China's Anbang Claims it has not Exceeded Overseas Investment Quota Yet

Charissa Echavez |

Mar 31, 2016 08:25 AM EDT

China's Anbang Insurance said that it has not exceeded its overseas investment quota yet following reports that it may be facing local policy barriers after raising its offer for Starwood Hotels & Resorts Worldwide at $14 billion, outbidding Marriott International's latest bid.

Marriott Inc. less likely to outbid China's Anbang for Starwood Hotels

Marriott Hotel Less Likely to Outbid Anbang - Analysts

Charissa Echavez |

Mar 21, 2016 08:20 AM EDT

Hotelier Marriott International Inc, may have to raise its bid for Starwood Hotels & Resorts Worldwide Inc. as it is less likely to outbid Chinese insurer Anbang, experts said.

China's Anbang is threatening Marriott's merging with Starwood Hotels

China's Anbang Challenges Marriott's Bid for Starwood Hotels

Charissa Echavez |

Mar 15, 2016 01:01 PM EDT

Chinese insurer Anbang continues on its shopping spree as it challenges Marriott International in a bid for rival hotelier Starwood Hotels and Resorts Worldwide with a staggering $14 billion cash offer, according to The Guardians.