Starwood Hotels & Resorts Worldwide Inc HOT shares are trading higher by $3.24 at $83.81 in Monday's session. Marriott International Inc MAR has upped its ante to $85.36, including the cash value of Starwood plus its ownership stake of Interval Leisure stock IILG. This trumps the bid proposed by Chinese insurer Anbang last week of $78.
Marriott investors are taking the deal in stride, as the issue is only off by $0.86 at $72.30 in today's session.
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