Mon, 4 July 2016

Saudi Arabia and Mexico Give Marriott Starwood Merger Green Light; China Still to Authorise

Marriott has received authorization from competition authorities in Saudi Arabia and Mexico to proceed with its acquisition of Starwood Hotels & Resorts in a merger transaction.

With these authorizations, the only remaining country in which Marriott and Starwood require pre-merger authorisation is China .

Marriott and Starwood are cooperating with the Chinese regulatory agency (MOFCOM) and are prepared to close the transaction promptly upon receiving authorization from China.

Until legal close, the companies will continue to operate as separate and independent entities.

See other recent news regarding: Marriott, Starwood, Saudi Arabia, Mexico

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