News Snapshot:
China's Anbang Insurance Group Co., Primavera Capital and J.C. Flowers have submitted an unsolicited US$13 billion counter bid for Starwood Hotels & Resorts Worldwide Inc., threatening the hotelier’s pending sale to Marriott International Inc. The Anbang-led investor group says it would pay US$76 per share in cash, compared to the previously agreed Marriott cash-and-stock transaction, […]Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
