Anbang Terminates $14B Offer for Starwood Hotels and Resorts (HOT)

Shares of Starwood Hotels and Resorts (HOT) were trading down -3.45 or -4.14 percent to $79.98 per share in Friday's premarket after the Chinese company, Anbang Insurance Group withdrew its $14 billion bid for Starwood late yesterday. The deal's termination ended a bidding war with Marriott (MAR) which began in November. Starwood Hotels and Resorts ... READ MORE Read the rest of Anbang Terminates $14B Offer for Starwood Hotels and Resorts (HOT) at InvestorGuide.com .