Well here's some good news.
EU clears Marriott's purchase of Starwood Hotels - Business Insiders
One step closer.
Good news! Is it just China & India left now?
It might just be China. I recall seeing an interview with Arne Sorenson where he indicated three approvals pending. One was Europe. I don't recall if the US had signed off at that time, so that might have been one of two. There is at least one more (maybe 2) anti-trust approval(s) still to come. Then there are a couple of exclusivity agreements in NYC that will need to be sorted out. Still several things that need to happen.
In any case, things are moving in the right direction.
It looks like Saudi & Mexico followed suit over the weekend. One more to go! Does anyone know when China is expected to approve?
I Knew that the EU and US had to approve mergers but didn't realize half the world did also
My chats with some Marriott employees this past week in Shanghai, they are pretty enthusiastic about the merger.
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