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00:00:00
mz dn Starwood hotels was already engaged but it received a better offer wanted dean to good to pass up the parent of hotel chains such as Sheraton Westin NW hotels announcing Friday plans to accept a sweetened all cash offer of just over thirteen billion dollars from a group led by Chinese insurance company on borrowing I'm calling in in New York if this deal goes through it will be the biggest acquisition ever of a U. S. company by Chinese investors and there's also some other significant that Alan bond has been , it already , the Waldorf Astoria , Armonk you S. land grant come to look for ways to make money outside of its home turf where economic growth has slowed to a twenty five year low and lead to a government crackdown on money flowing out of the country but it's not a done deal yet star would still has a jilted lover to deal with a merger with Marriott international to form the nation's biggest hotel company was already in the works Marriott says it is considering how to respond has until March twenty eighth to do so the other road block could come from Washington journey acquisitions are touchy issue and this one will have to pass a review from the committee on foreign investment a lengthy process , could make on bunks higher offer eventually not worth the time or the trouble