Breaking news. SPG agrees to merge with Marriott again after Marriott upped their offer to $13.2B. It's final.

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It's not final, China can counter.

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Anbang will counter. They have more cash

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I think Anbang wants to move its free cash and no desire to destroy SPG, case in point is the waldorf

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If you're fucking with me....

No. Check out Wall Street Journal

cnbc.com/2016/03/21/marriott-wins-over-starwood-with-revised-buyout-bid.html

It's like something out of House if Lies. "Daddy's got a payday coming now! Can you say, cha-ching, baby!?" (Probably actually arranged by bankers, but who cares)

And they really want the portfolio

I think SPG prefers to merge with Marriott. You are right. It's not final.

From an operational readiness standpoint, Anbang is definitely more prepared. Marriott might have more desire though

Disagree. I think Anbang likes to completely dismantle SPG and change it drastically, which is typical of any "holding companies." Marriott and SPG have been already talking operational integration for months before this and there is much more synergy simply because both are in hospitality industry catering to same customers.

Marriott's offer values SPG at $79.53 a share. They're currently trading at $83.78 (above offer price), which means the market expects another higher bid to come in (presumably from Anbang)

@PwC1 Heard from the CNBC interview that the stock lift is due to a timeshare agreement valued at about $6/share. Stock price could be pricing that in rn.

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