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Watch Hotel Sector Following News Of New Bid For Starwood
Monday, March 14, 2016 - 10:26am | 437Shares of Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) were up more than 8 percent in the pre-market hours Monday after the company said it received a rival bid from China' Anbang Insurance Group, potentially creating a roadblock for Marriott International Inc (NASDAQ: MAR), which...
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Starwood Hotels Confirms $76/Share Unsolicited Cash Bid From Consortium
Monday, March 14, 2016 - 8:57am | 406Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) shares rose over 8 percent in pre-market trading following confirmation from the company that a consortium has offered an unsolicited cash bid at $76 per share. News of the bid follows months of M&A talk between Marriott International...