WOW!Earlier this morning I wrote approximately how we haven't yet received an update from Starwood regarding the takeover bid they received on Monday from Chinese investor group Anbang.
They offered $76 in cash per share,which was nearly certainly better than the offer of 0.92 Marriott shares plus $2 per Starwood share. While the merger between Marriott and Starwood is already well underway, Starwood can still pursue other offers for the time being.
Well we now have an update, or literally as of a few minutes ago... and it's a enormous one. Starwood has signed a deal to be acquired by Chinese investor group Anbang for $78 per share in cash.
The post BREAKING: Starwood Signs Deal To Be Acquired By Chinese Investors appeared first on One Mile at a Time.
Source: boardingarea.com