Starwood Plans to Accept Anbang's $13B Bid

The transcript discusses a consortium's increased bid for Starwood, raising it to $78 per share, making the deal worth $13.2 billion. Marriott is considering a counter offer, as the merger would create the largest hotel company globally. The news lifted hotel stocks, with the Bloomberg index rising 1.2%. Additionally, Starwood has signed agreements to operate hotels in Cuba, marking a significant move as President Obama visits the country.

Which firms are part of the consortium that increased their bid for Starwood?

• Blackstone and Carlyle Group

• JC Flowers and Primavera Capital

• Bain Capital and TPG

• KKR and Apollo Global Management

What is the new bid per share offered by the consortium for Starwood?

• $77

• $76

• $75

• $78

What is the deadline for Marriott to respond with a counteroffer?

• April 5th

• March 25th

• April 1st

• March 28th

What would Starwood have to pay Marriott if they proceed with the new deal?

• $500 million

• $400 million

• $300 million

• $200 million

Which country has Starwood signed agreements to manage hotels in?

• Brazil

• Cuba

• Mexico

• Argentina