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Marriott Approved to Acquire Starwood

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

With these authorisations, the only remaining country in which the two companies will require pre-merger authorisation is China.

The entities will continue to cooperate with the Chinese regulatory agency and will be prepared to close the transaction promptly upon receiving approval.

Until legal close, the hoteliers will operate as separate and independent entities.