Outbound M&A to cost Chinese buyers more

Anbang’s failed $14.2 billion bid for Starwood Hotels & Resorts Worldwide may have knocked the credibility of all aspiring Chinese overseas buyers.

Outbound M&A to cost Chinese buyers more

Anbang’s failed $14.2 billion bid for Starwood Hotels Resorts Worldwide isn’t just a setback for the ambitious insurance company it may well have knocked the credibility of all aspiring Chinese overseas buyers.

The company’s behaviour during its unsolicited pursuit of Starwood underscored impressions that Chinese bidders can be difficult to read and unpredictable. Anbang also played fast-and-loose with people’s expectations for funding documentation.

Management boards at MA targets have to...

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