Articles tagged “anbang”

A "roller coaster ride" is definitely one way to describe it.

In a drama where the unexpected was always expected, this latest development certainly delivered. Let's see what happens next.

As we've noted before, Starwood is Marriott's to lose. Now that Anbang has upped the ante, we have to see just how much Marriott is willing to spend to keep it, or if it's willing to let Starwood run into the arms of Anbang and company.

This is a March Madness bracket we understand, but that doesn't make it any less interesting.

We told you so.

The Anbang investor group's last-minute bid nearly doubled the compensation Starwood executives will receive, if the new Marriott deal closes. Golden parachutes, indeed.

If you thought the drama playing out between Starwood, Marriott, and Anbang was already complicated enough, wait until you read this.

Unlike Marriott, Starwood doesn’t need to be as persuasive in its communications with shareholders about the new deal. It just has to give them the facts and urge them to vote in line with the board’s recommendation. Instead, it can wait to see if a better offer comes up unexpectedly which, if history has shown, is still a definite possibility.

Money talks, and Anbang seems to have a lot more of it to spend right now than Marriott is willing to give up to keep Starwood.

Marriott was able to make an offer when many doubted it could muster what it takes.