Marriott Wins Starwood Hotels Support With Improved Takeover Offer

  • Marriott boosts cash portion to $21 a share, plus 0.80 stock
  • Investors await possible new bid from rival Anbang group

Starwood Accepts Marriott's Offer

Starwood Hotels & Resorts Worldwide Inc. accepted an improved takeover offer from Marriott International Inc. valued at $13.6 billion, proceeding with plans to form the world’s largest hotel operator after investors led by China’s Anbang Insurance Group Co. sought to thwart the deal.

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