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Anbang Consortium withdraws offer from Starwood Hotels & Resorts Worldwide
Starwood Hotels & Resorts Worldwide announced that the consortium consisting of Anbang Insurance Group Co., Ltd., J.C. Flowers & Co. and Primavera Capital Limited has informed Starwood that, as a result of market considerations, it has withdrawn its non-binding proposal to acquire all of the outstanding shares of common stock…
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