China's Anbang raises offer for Starwood to $14 billion
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PJT Partners (PJT) Comments on Caspersen Termination; Potential Liability Not Yet Determined
March 28, 2016 4:06 PM EDTPJT Partners Inc. (NYSE: PJT) issued the following statement regarding the Companys termination for cause of Andrew Caspersen, formerly a Partner in the Park Hill Group:
Since the inception of our Firm, an unconditional principle of integrity has been a core value as we build a lasting franchise. Our commitment to clients begins and ends with honesty and transparency, and strict adherence to these values is the absolute cornerstone of our Firm.
We were therefore stunned and outraged... More
Marriott (MAR) Reaffirms Commitment Starwood Hotels (HOT) Deal
March 28, 2016 10:23 AM EDTMarriott International, Inc. (NASDAQ: MAR) today reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), confident that the previously announced amended merger agreement is the best course for both companies. The combined company will offer stockholders significant equity upside and greater long-term value driven by a larger global footprint, wider choice of brands for consumers, substantial revenue synergies, and improved economics to owners and franchisees leading to accelerated global growth and continued strong returns.
On March 26, 2016, Starwood notified Marriott that it had received an updated... More
