Starwood Offer Helps Shatter China's Overseas Deal Record: Chart

Anbang Insurance Group Co.’s $13.2 billion takeover bid for Starwood Hotels & Resorts Worldwide Inc. is helping drive a record quarter in China’s overseas dealmaking. Chinese companies have announced $104.1 billion of outbound acquisitions this year, nearly double the previous high set in the last three months of 2015, according to data compiled by Bloomberg. The Starwood deal is the second-biggest Chinese purchase announced this year, trailing only the $43 billion acquisition of Syngenta AG by China National Chemical Corp.

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