{"id":123655,"date":"2016-03-18T00:00:00","date_gmt":"2016-03-17T22:00:00","guid":{"rendered":"https:\/\/rhn.ro\/starwood-intends-to-accept-the-takeover-offer-from-chinese-insurer-anbang-insurance-group-abandoning-the-agreement-with-marriott\/"},"modified":"2026-03-28T17:57:20","modified_gmt":"2026-03-28T15:57:20","slug":"starwood-intends-to-accept-the-takeover-offer-from-chinese-insurer-anbang-insurance-group-abandoning-the-agreement-with-marriott","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/starwood-intends-to-accept-the-takeover-offer-from-chinese-insurer-anbang-insurance-group-abandoning-the-agreement-with-marriott\/","title":{"rendered":"Starwood intends to accept the takeover offer from Chinese insurer Anbang Insurance Group, abandoning the agreement with Marriott"},"content":{"rendered":"<div>Starwood Hotels &amp; Resorts Worldwide, which owns the Sheraton brand, has announced that it intends to accept the takeover bid made by a group of companies led by the Chinese insurer Anbang Insurance Group, although it entered into an agreement to this effect with Marriott International last year.<\/div>\n<div><\/div>\n<div>The decision comes after Anbang Insurance&#8217;s offer was increased to $78\/share, the equivalent of $13.2 billion, from $76\/share.<\/div>\n<div><\/div>\n<div>In comparison, Marriott is offering only $72\/share for the Starwood takeover.<\/div>\n<div><\/div>\n<div>Marriott has 10 days to come up with a new offer.<\/div>\n<div><\/div>\n<div>Starwood will have to pay $400 million to Marriott International if it enters into a takeover agreement with other companies or withdraws the recommendation made to shareholders to accept the Marriott offer.<\/div>\n<div><\/div>\n<div>In November 2015, Marriott International announced that it would acquire Starwood for $72.08\/share, the equivalent of $12.2 billion, following which the transaction would create the largest hotel chain in the world. The transaction was approved by the shareholders of both companies.<\/div>\n<div><\/div>\n<p>Source: <a href=\"http:\/\/www.economica.net\" data-wplink-url-error=\"true\">Economica<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>What is the value of Anbang&#8217;s offer for Starwood?<\/strong><\/p>\n<p>Anbang Insurance Group offered $78 per share, totaling approximately $13.2 billion.<\/p>\n<p><strong>What penalty must Starwood pay to Marriott if the deal is canceled?<\/strong><\/p>\n<p>Starwood is required to pay a $400 million termination fee to Marriott International if it chooses another buyer.<\/p>\n<p><strong>What would the Marriott-Starwood merger have created?<\/strong><\/p>\n<p>The merger would have created the world&#8217;s largest hotel chain, a deal originally valued at $12.2 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starwood Hotels &amp; Resorts Worldwide, which owns the Sheraton brand, has announced that it intends to accept the takeover bid made by a group of companies led by the Chinese insurer Anbang Insurance Group, although it entered into an agreement to this effect with Marriott International last year. The decision comes after Anbang Insurance&#8217;s offer&hellip;<\/p>\n","protected":false},"author":0,"featured_media":65990,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2859],"tags":[],"thb-sponsors":[],"class_list":["post-123655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stirea-editiei-en"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2020\/02\/topstory.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/123655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=123655"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/123655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/65990"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=123655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=123655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=123655"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=123655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}