takeover news
News stories: 1 - 3 of 3
Starwood takeover saga continues: Anbang ups its offer
by Jane Kitchen | 29 Mar 2016
The Chinese consortium led by Anbang Insurance Group that is trying to buy Starwood has upped its offer, making it “reasonably likely to lead to a ‘Superior Proposal’ as defined in Starwood’s merger agreement with Marriott International,” Starwood said in a statement. Marriott agreed to buy Starwood in November 2015 for US$12.2bn, but a rival offer from Anbang on 18 March threatened the deal. Marriott then came back with a
Starwood mulls US$12.8bn rival takeover bid
by Jak Phillips | 14 Mar 2016
Global hotel giant Starwood has received a surprise US$12.8bn (€11.5bn, £8.9bn) takeover offer from a group led by China’s Anbang Insurance Group, which could scupper its planned merger with Marriott. In November 2015, Marriott announced that it would buy Starwood Hotels & Resorts – whose brands include St. Regis, The Luxury Collection, W and Design Hotels – in a US$12.2bn (€11.4bn, £8bn) stock and cash transaction which would create the
Worcester stadium plans rely on supporter takeover
by Tom Anstey | 17 Feb 2014
Non-league football side Worcester City is planning to build a new £2.1m stadium capable of holding 4,130 spectators, should plans for a supporters trust to take over the club come to fruition. The new ground, which could be ready by the end of 2015, would include a 500-seater stand and a 3G all-weather floodlit surface. It would be built alongside a proposed new swimming pool and gym on land next
News stories: 1 - 3 of 3
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