Form 8-K MARRIOTT INTERNATIONAL For: Mar 20

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/27/2026

1. JBLU
2. META
3. PECO
4. SSD
5. AVGO
6. CDNS
7. AGYS
8. HWKN
9. INTC
10. RMBS

Go back to Form 8-K MARRIOTT INTERNATIONAL For: Mar 20

Marriott (MAR) Ratings Affirmed by Moody's Amid Revised Starwood Offer

March 21, 2016 4:43 PM EDT

Moody'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