One week after Anbang abandoned its $14 billion bid for Starwood amidst a storm of speculation and investigation, Ping An Insurance Group took the opportunity to cast itself in a new light: as the anti-Anbang.
In an interview with the… Read More>>
Piecing Together Why Anbang Walked Away From Its $14B Starwood Bid
In a brief message last Thursday, China’s Anbang Insurance abandoned their $14 billion bid for Starwood Hotels and Resorts Worldwide, with the mainland acquisition machine and its deal partners saying only that “due to various market considerations, the Consortium has… Read More>>
Anbang-Starwood-Marriott the Infographic
It had three players, six bids, and nearly reached $14 billion dollars in value. Now the Anbang, Marriott, Starwood drama has it’s very own infographic.
If you struggled to track who made which bid when, and are left puzzling over… Read More>>
Anbang Abandons $14B Starwood Bid – Did Beijing Pull the Plug?
On Monday, China’s Anbang Insurance stunned the world – and Marriott International – with an all cash $14 billion offer for Starwood Hotels and Resorts Worldwide.
The offer, which reportedly was Anbang’s sixth attempt to buy the US hotel chain,… Read More>>
Anbang Battles Back into Starwood Bidding with $14B Offer for Hotel Chain
China’s Anbang Insurance Group is once again the lead bidder for Starwood Hotels & Resorts Worldwide, after the US hotel chain said today that it had received a $14 billion offer from the mainland group.
Anbang is now offering $82.75… Read More>>
Could Chinese Insurance Officials Kill Anbang’s Next Bid for Starwood?
Marriott International added a new chapter to the Starwood Hotels & Resorts takeover drama yesterday, when Starwood’s board pushed aside a $13.2 billion deal with China’s Anbang Insurance, to accept a counteroffer from Marriott worth $13.6 billion.
Many observers are… Read More>>
Anbang Buys Starwood for $13.2B and Blackstone Wins Again
The board of Starwood Hotels & Resorts recommended on Friday that the hotel chain accept a newly sweetened $78 per share buyout offer from China’s Anbang Insurance, pushing aside an earlier merger agreement with Marriott International.
The $13.2 billion deal… Read More>>
Will Anbang’s $13B Bid for Starwood Derail Marriott’s Mega-Merger?
Sixteen landmark hotels is not enough. If you’re China’s most hospitality-happy insurer — you have to get your own chain.
After signing a $6.5 billion deal last week to purchase the Strategic Hotels & Resorts portfolio from Blackstone, Anbang Insurance… Read More>>
Mainland Developers Bought $4.2B in HK Sites and More China Real Estate Headlines 2015-11-04
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Mainland Developers Bought $4.2 Bil in HK Sites in Last Two Years
The rapid expansion of Chinese mainland developers who splashed… Read More>>
Will a Chinese Bidder Win Starwood’s $12B Hotel Portfolio?
China’s biggest US acquisition ever could be on the way soon, as three mainland entities are said to have submitted proposals to acquire Starwood Hotels and Resorts Worldwide, with the New York Stock Exchange-listed company currently valued at nearly $12… Read More>>