China Still to Approve Marriott - Starwood Merger

Marriott and Starwood have, at the request of the Chinese Ministry of Commerce (MOFCOM), agreed to extend the time period for MOFCOM to complete its review of the Marriott-Starwood merger transaction.

This additional review period, known as phase three, could last up to 60 days.

Approval by China's Ministry of Commerce is the only remaining merger clearance required before the transaction may close.

The companies have received unconditional premerger clearances from regulatory authorities representing over 40 countries worldwide, including the United States, European Union, Canada, Chile, Colombia, India, Japan, Mexico, Pakistan, Saudi Arabia, South Africa, South Korea, Taiwan, and Turkey.

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