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China's Anbang Drops $14 Billion Bid Offer for Starwood Hotels

Charissa Echavez   | Apr 01, 2016 07:17 AM EDT

China's Anbang Insurance Group Co. dropped its $14 billion bid offer for Starwood Hotels & Resorts Worldwide Inc because of "market consideration," a surprise move just two days after the Chinese insurer raised its offer from $13.9 billion.

Starwood confirms it has received a sweetened $14 billion offer from China's Anbang Insurance Group

China's Anbang Raises Offer for Starwood Hotels at $14Billion

Charissa Echavez   | Mar 31, 2016 08:27 AM EDT

China's Anbang Insurance Group Co has raised its offer higher for Starwood Hotels & Resorts Worldwide Inc. to nearly $14 billion, Starwood confirmed on Monday, in its highly intense bidding war against Marriott International Inc.

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