Marriott International Inc (MAR.O) said it made a higher offer for Starwood Hotels and Resorts Worldwide Inc (HOT.N) that was accepted by the owner of the Sheraton and Westin hotel brands.
The new stock-and-cash offer is worth $79.53 per share, or $13.6 billion, and tops an all-cash $78 per share, or $13.16 billion, offer from a group led by China's Anbang Insurance Group Co.
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