China?s Anbang abandons $14 billion bid to buy Starwood Hotels

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China?s Anbang abandons $14 billion bid to buy Starwood Hotels

China?s Anbang abandons $14 billion bid to buy Starwood Hotels
(Reuters) - China's Anbang Insurance Group Co said on Thursday it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide Inc , paving the way for Marriott International Inc to buy the Sheraton and Westin Hotels operator.

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