Chinese withdraw bid for Starwood hotel group
A proposed merger to create the world's largest hotel group will now go ahead.
In a surprise move, China’s Anbang Insurance Group has withdrawn its $US14 billion cash bid for Starwood Hotels & Resorts Worldwide.
The Wall Street Journal, quoting unnamed sources, says Anbang’s decision comes after it appeared close to securing Starwood’s agreement for a deal that would have
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Nevil Gibson
Fri, 01 Apr 2016
Fri, 01 Apr 2016
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Chinese withdraw bid for Starwood hotel group
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