By Noel Young

In what could be the largest-ever Chinese takeover of a U.S. company, at least three big Chinese companies are said to be vying to win Beijing’s approval to bid for the lodging giant Starwood Hotels Worldwide.
The Wall Street Journal, citing people with knowledge of the discussions, says the three are Shanghai Jin Jiang International Hotels HNA Group, parent of Hainan Airlines Co. and sovereign wealth fund China Investment Corp.
Each it is said has presented a separate proposal to the Chinese government over the past two months.
The WSJ says the Chinese government is believed Read full story ›

Source: The Drum