Marriott-Starwood Deal Gets Antitrust Clearance From the European Union
Skift Take
Starwood shareholders probably want Marriott's stock price to rebound following the Brexit vote if they want to get a better deal from the merger.
Marriott and Starwood are that much closer to completing their mega merger next month. Today, both companies announced they received unconditional clearance from the European Union for Marriott to buy Starwood in a merger transaction originally estimated to be valued at around $13.6 billion in late March/April.
“This is an important merger for the hotel industry and its customers," the European Union commissioner for competition, Margaret Vestager, stated in a release. "Our investigation confirmed that the hotel sector will remai
