NEW YORK (AFP) – The conglomerate Chinese insurance Anbang seeks to acquire US chain Starwood Hotels also considered by the Marriott compatriot and Strategic Hotels to fund Blackstone.
Starwood claims to have “received on March 10, a nonbinding offer from a consortium to acquire all outstanding common shares of Starwood at $ 76 per share,” a total of 12,800 million dollars.
Such trading would be higher than the offer of Marriott, which proposes to pay in shares (0.92 Marriott action by Starwood action) plus two dollars, which would add value to the Starwood title in 63.74 dollars.
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But “the board of directors of Starwood did not change its recommendation in favor of a merger of Starwood with Marriott, “says the group.
Marriott shareholders must decide on the purchase of Starwood on March 28, which would reach 12,200 million dollars, making the group the world’s largest hotel conglomerate.
The Chinese group Anbang also plans to buy high-end hotel consortium Strategic Hotels and Resorts in the bottom Blackstone 6.500 billion, told AFP a source close to the operation source.
The operation confirms the interest of Chinese groups in the US housing sector when the Asian financial markets are shaken by fears about growth in the region.
Anbang bought in 2015, the Waldorf Astoria Hotel in New York in about 2,000 million dollars.
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