Chinese insurer Anbang is set to acquire Starwood Hotels & Resorts Worldwide for $78 (£54) per share in cash, or about $13bn in total. Starwood said it would terminate a deal to be bought by Marriott International, after it received a superior proposal from a group led by Anbang. Marriott and Starwood had agreed to merge in November in a $12bn deal to create the world's largest hotel…
China's closed in Anbang Starwood Hotels
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