Cramer: Anbang Will Get Starwood

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China's Anbang will "gonna get" Starwood Hotels & Resorts Worldwide Inc
HOT
, Jim Cramer said on CNBC's market alert. Cramer's comments come after Anbang raised its offer to $82.75 per share in cash. Starwood said revised offer is "reasonably likely to lead to a "Superior Proposal" as defined in its merger agreement with Marriott International Inc
MAR
, which also recently revised its offer to $79.53 in cash and stock. Anbang's offer stands at about $14 billion, while Marriott's latest bid was valued at about $13.6 billion. Read more: http://www.benzinga.com/news/16/03/7763372/starwood-hotels-receives-revised-merger-offer-from-anbang-after-marriott-bidding-#ixzz44PiPqNiT It remains to be seen whom shareholders will support on April 8 meeting. Shares of Starwood were up 0.23 percent at $83.75, and Marriot shares were up 1.37 percent at $71.67.
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Posted In: CNBCNewsJim CramerM&AMediaConsumer DiscretionaryHotels, Resorts & Cruise Lines
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