China was poised to make its largest-ever investment in the United States this past week, after the Chinese insurance group Angbang topped Marriott in a bidding war for the Starwood hotel chain. The offer was extremely attractive: $14 billion in cash. But a chorus of skeptics urged Starwood to say no.
“Who are these guys?” Bloomberg News anchor Tom Keene asked. “It’s the Butch Cassidy analysis here. I have absolutely no clue what their balance sheet is. I have no clue how they’re going to finance this puppy. And more than anything: What’s their link to the Chinese government?”
Over at MarketWatch, columnist Tim Mullaney wrote: “Anbang’s CEO is no less than the son-in-law of deceased former Chinese leader Deng Xiaoping.… Seguir leyendo »