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Sheraton-owner Starwood accepts higher offer from Marriott

March 21, 2016 by · Leave a Comment 

Starwood Hotels and Resorts Worldwide Inc , owner of the Sheraton and Westin hotel brands, agreed to a higher $13.6 billion buyout offer from Marriott International Inc , spurning a proposal from China's Anbang Insurance Group. Marriott raised the cash portion of its offer to $21

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Sheraton-owner Starwood accepts higher offer from Marriott