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China's Anbang raises offer

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2016-03-29 08:36Global Times/Agencies Editor: Li Yan

China's Anbang Insurance Group Co has raised its offer for Starwood Hotels & Resorts Worldwide Inc for $82.75 per share, in its latest challenge to the U.S. hotel operator's merger with Marriott International Inc, people familiar with the matter told Reuters Monday.

Anbang's new acquisition offer, the details of which could not be immediately learned, will be disclosed later, the people said, asking not to be identified because the latest bid has not been officially announced.

  

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