Marriott International Group announced on Monday that it would inject 12.2 billion US Dollars to purchase Starwood Hotels Resorts Worldwide Inc. www.cs.cn reported on Tuesday that upon an agreement signed by the two companies, shareholders of Starwood Hotels Resorts will receive 11.9 billion US dollars worth of shares and 340 million US dollars in cash from the merger.
Moreover, they will gain nearly 1.3 billion US dollars from merger of Starwood Resorts business and Interval Leisure Group. Two companies are looking forward to creating assets consolidation, owning 5,500 hotels and 1.1 million rooms around the world after the merger.
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