Starwood Hotels Gets Unsolicited $13 Billion Takeover Approach

  • Unsolicited offer is for $76 a share in cash, Starwood says
  • Marriott confirms its plan to create largest hotel company

Starwood Hotels Receives Unsolicited $76 a Share Bid

Starwood Hotels & Resorts Worldwide Inc. received an unsolicited takeover proposal from a group of investors led by China’s Anbang Insurance Group Co., potentially upending a deal with Marriott International Inc. that would create the world’s largest hotel operator.

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