A $14-billion bid for Starwood Hotels and Resorts Worldwide Inc. surfaced Monday, putting a spotlight on Chinese firm Anbang Insurance Group and complicating a preexisting plan to meld Starwood and Marriott International Inc. into the world’s largest hotel company.
Starwood told Marriott on Friday that it received an unsolicited offer from a consortium led by Anbang, according to a statement released Monday by Marriott.
18:05 DP World, Quebec's Caisse to create C$5 billion investment vehicle12
03:00 Carrier incentives stir debate over 'rewarding' offshoring12
01:02 A company Trump attacked will receive state tax breaks to keep jobs in the U.S12
22:53 Insurer Allstate to buy SquareTrade for $1.4 billion14