Susquehanna Downgrades Starwood Hotels & Resorts (HOT) to Neutral

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/27/2026

1. ORCL
2. ANT
3. META
4. SPY
5. FFR
6. FFAI
7. TSLA
8. AZN
9. FICO
10. GMAB

Go back to Susquehanna Downgrades Starwood Hotels & Resorts (HOT) to Neutral

Marriott International And Starwood Hotels & Resorts Worldwide Sign Amended Merger Agreement

March 21, 2016 7:00 AM EDT

BETHESDA, Md. and STAMFORD, Conn., March 21, 2016 /PRNewswire/ --

Starwood's Board of Directors determined that revised terms from Marriott constitute a superior proposal compared to previously announced offer by Consortium led by Anbang Insurance Group. Increased cash consideration to $21.00 for each share of Starwood common stock.  Revised exchange ratio of 0.80 shares of Marriott common stock for each share of Starwood common stock. Targeted annual G&A synergies increased to $250 million run-rate.  Marriott and Starwood special stockholder meetings to be held on April 8, 2016 with transaction closing planned... More