Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday March 18 through Sunday March 20, 2016: Anbang-Led Consortium Bids $78.00 Share for Starwood The offer:
Starwood Hotels & Resorts Worldwide, Inc. HOTannounced Friday, ,that it has received a revised binding and fully financed proposal from a consortium led by Anbang Insurance Group Co., Ltd., J.C. Flowers & Co. and Primavera Capital Limited, for $78.00 per share in cash. Starwood's Board of Directors has determined that the Anbang offer constitutes a "Superior Proposal," as defined in Starwood's merger agreement with Marriott International, Inc. MAR. Under Starwood's merger agreement with Marriott, Starwood's shareolders would receive 0.92 shares of Marriott International Class A common stock and $2.00 in cash for each share of Starwood common stock. Marriot was expected to make a new counteroffer, according to sources. Starwood closed at $80.57 on Friday, up 5.47%. Former Affymetrix Senior Execs Bid to Acquire Affymetrix for $16.10/Share in Cash The Offer:
Origin Technologies Corporation, an entity comprised of former Affymetrix AFFX executives, announced Friday, that it submitted a proposal to acquire Affymetrix, Inc. for $16.10 per share in cash. The transaction is valued at approximately $1.5 billion. Thermo Fisher Scientific Inc. TMO had offered $14.00 per share in cash for Affymetrix. Affymetrix announced Sunday, that it was rejecting the Origin offer in the belief that this newly formed entity would be unable to close the deal. Affymetrix closed at $15.99 on Friday, up 14.05%. Sherwin-Williams to Acquire Valspar for $113.00/Share in Cash The Deal:
The Sherwin-Williams Company SHW and The Valspar Corporation VAL announced Sunday, that they have agreed that Sherwin-Williams will acquire Valspar for $113 per share in cash, for an enterprise value of approximately $11.3 billion. The deal is expected to close by the end of Q1 calendar year 2017. Valspar closed at $83.83 on Friday, down 1%.