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Starwood agrees to new buyout offer by Marriott

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Starwood Hotels & Resorts Worldwide announced today it agreed to a sweetened $13.6 billion deal with Marriott International.

The buyout offer trumps last week's boosted bid from Chinese insurer Anbang Insurance Group.

If finalized, the deal would create the largest hotel company in the world.

Read more from Dow Jones Newswires.

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