Marriott's Acquisition Of Starwood Has Antitrust Authorization From Saudi Arabia And Mexico
Marriott International, Inc. (NASDAQ: MAR) today announced it has received authorization from competition authorities in Saudi Arabia and Mexico to proceed with its acquisition of Starwood Hotels & Resorts (NYSE: HOT) in a merger transaction.
Stockholders of both Marriott and Starwood overwhelmingly approved proposals related to the transaction on April 8.
Until legal close, the companies will continue to operate as separate and independent entities.
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