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Starwood reject Marriott deal in favour of Anbang merger

Starwood Hotels & Resorts has rejected a proposed takeover by Marriott International, preferring to explore a proposed merger with Anbang. The Chinese insurance giant tabled a bid of $78 per share for the American hotel giant earlier, valuing the company at $13.2 billion. read more >>>

Source : BreakingTravelNews.Com

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