China Remains High-Bid on U.S. Takeovers

The Chinese continue to have a huge appetite for U.S. companies and are paying up for the privilege.  Just days after Terex said it will entertain an offer from Chinese rival Zoomlion, China’s Anbang now has the upper-hand to gain control of hotel giant Starwood Hotels & Resorts Worldwide (NYSE: HOT).

Starwood determined Monday that a revised $82.75 in cash, non-binding proposal from a Anbang Insurance Group-consortium is reasonably likely to lead to a “Superior Proposal” over its current merger agreement with Marriott International, Inc. (NASDAQ: MAR).

Of course, all of this is being driven by easy financing from China‘s mother banks.

 

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