Marriott’s acquisition of Starwood: Saudi Arabia receives Mexico antitrust authorization

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Marriott International, Inc.

Marriott International, Inc. today announced it has received authorization from competition authorities in Saudi Arabia and Mexico to proceed with its acquisition of Starwood Hotels & Resorts in a merger transaction.

With these authorizations, the only remaining country in which Marriott and Starwood require pre-merger authorization is China. Marriott and Starwood continue to cooperate with the Chinese regulatory agency (MOFCOM) and will be prepared to close the transaction promptly upon receiving authorization from China.
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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.


About the author

Avatar of Juergen T Steinmetz

Juergen T Steinmetz

Juergen Thomas Steinmetz has continuously worked in the travel and tourism industry since he was a teenager in Germany (1977).
He founded eTurboNews in 1999 as the first online newsletter for the global travel tourism industry.

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