Marriott International Reiterates RevPAR and Rooms Growth Expectations
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Marriott (MAR) Ratings Affirmed by Moody's Amid Revised Starwood Offer
March 21, 2016 4:43 PM EDTMoody's Investors Service affirmed Marriott International, Inc.'s (Nasdaq: MAR) Baa2 senior unsecured rating and Prime-2 commercial paper rating following the announcement that it has revised its terms to acquire Starwood Hotels & Resorts Worldwide Inc. (after the spin-off of the timeshare business Vistana Signature Experiences, Inc.) in a transaction valued at approximately $14.5 billion including the assumption of Starwood debt net of cash. Moody's estimates this represents about a 14.4 times 2015 EBITDA multiple pro forma for the spin-off of Vistana. Starwood shareholders will receive .80 shares of Marriott stock in exchange for each Starwood share and a... More
