Marriott wins back Sheraton-owner Starwood with new offer
Starwood Hotels and Resorts Worldwide Inc (HOT.N), owner of the Sheraton and Westin brands, accepted a higher $13.6 billion acquisition offer from peer Marriott International Inc (MAR.O), spurning a bid from China’s Anbang Insurance Group. The move dramatically raises the stakes in the bidding war since the deal with Marriott ... Read More »