Marriott’s Expansion Plans
It’s official! Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc in a deal that will create the world’s largest hotel chain. The Deal is valued at $12.2 billion.
The companies said on Monday, that Starwood shareholders will receive 0.92 shares of Marriott Class A common stock and $2 in cash for each Starwood share held. The offer translates into $72.08 per share for Starwood, a discount of about 4 percent to the stock’s Friday close.
The deal is expected to close in mid 2016. For more details be sure to check out the video above.
Stanley Tucker
November 17, 2015
Twistity Sports Exclusive: Bengals Bungles
Larry Weisman
-
Nov 17, 2015
Charlie Sheen’s Big Secret Revealed
Whitney Martin
-
Nov 17, 2015
-
Summit Focuses on Aid for Ukraine as Internal Divisions Threaten Unified Action European heads of state are set to...
-
A transformative partnership to boost biodiversity, resilience, and gender equality in the face of climate change. The Philippines, in...
-
Claims by the ‘Crimea Combat Seagulls’ of poisoning two dozen Russian soldiers raise questions, prompting scrutiny and calls for...
-
According to the latest annual report from the Tokyo metropolitan government, Tokyo finds itself at the bottom of Japan’s...
-
A revealing look at the tensions, beliefs, and family dynamics within the British royal family In his latest book,...
-
A single-engine aircraft en route from the Czech Republic to Croatia crashes in western Austria, prompting an investigation into...
-
Historic Bust: Massive Counterfeit Coin Operation Exposed, Unveiling Unprecedented Scale of Fake Toonies in Canada. In a groundbreaking development,...
-
Global leaders from BRICS urge restraint, humanitarian truce, and diplomatic solutions to quell the Israel-Hamas tensions. In a landmark...
-
Secretary of State Antony Blinken calls for de-escalation as fighting displaces millions and raises concerns for upcoming Congo elections....
-
The government is taking action to stop the spread of the bloodsucking pests. The South Korean government has launched...
-
Landmark ruling highlights ongoing tax challenges for short-term rental platforms in Italy In a significant development, an Italian judge...
-
Deportation Deadline Sparks Humanitarian Worries in Pakistan Pakistan’s government announced on Monday that almost 200,000 Afghan nationals have voluntarily...