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Stock Market & Financial Investment News

News Breaks
May 28, 2014
07:25 EDTIHG, HOTStarwood may have considered buying IHG in Q1, says FBR Capital
After The Sunday Times reported that InterContinental Hotels (IHG) turned down a takeover bid from an unknown U.S. bidder, FBR said the transaction would have made sense for Starwood Hotels (HOT). The firm believes Starwood may have considered the idea in Q1 since the company did not repurchase any shares. However, it notes recent commentary from management indicates he company intends to exhaust the remaining $614M share buyback authorization before the end of the year, signaling that such a transaction is no longer in the works. FBR views a potential acquisition of InterContinental by Starwood as a "low probability."
News For HOT;IHG From The Last 14 Days
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May 20, 2015
08:37 EDTHOTMorgan Stanley to hold a conference
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May 15, 2015
10:55 EDTHOTJANA Partners gives quarterly update on stakes
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May 12, 2015
16:11 EDTHOTStarwood closes sale of The Gritti Palace
Starwood Hotels & Resorts announced that it has closed on the sale of The Gritti Palace, Venice to Nozul Hotels & Resorts, the owner of W Doha Hotel, and a wholly owned subsidiary of “Jaidah Holdings” for approximately $117M. Starwood will continue to operate the hotel under The Luxury Collection brand flag under a new long-term management agreement.
09:19 EDTHOTStarwood signs long-term management agreement with 302 Pitt Operations
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08:01 EDTHOTStarwood says Sheraton brand to debut in Danang, Vietnam
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May 8, 2015
15:15 EDTHOTStarwood management to meet with JPMorgan
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12:51 EDTHOTStarwood may be looking for acquisition, says Wells Fargo
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12:46 EDTHOTMarriott CEO sees four potential outcomes for Hilton, Hotel News Now says
Marriott CEO Arne Sorenson laid out four possible outcomes for Starwood (HOT), which is exploring strategic alternatives, Hotel News Now reports, citing comments from the Arabian Hotel Investment Conference in Dubai. One outcome is Marriott or Hilton (HLT) buying Starwood, which Sorenson downplayed, according to the website. The others options include Starwood acquiring another company, getting bought out by a buyer from the Middle East or Asia and maintaining the current ownership structure. Reference Link

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