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Marriott’s Starwood takeover now has just one hurdle to clear

Marriott Starwood NEW HM

Marriott International has received authorisation from competition authorities in Saudi Arabia and Mexico to proceed with its acquisition of Starwood Hotels and Resorts.

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

According to Marriott, both “Marriott and Starwood continue to cooperate with the Chinese regulatory agency and will be prepared to close the transaction promptly upon receiving authorisation from China”.

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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