As the bidding war between Chinese insurer Anbang Insurance Group and Marriott International Inc MAR 1.59% to acquire Starwood Hotels & Resorts Worldwide Inc HOT 1.02% intensifies, not all onlookers are convinced of Anbang’s ability to come up with funding for a potential deal.

The Wall Street Journal’s Rick Carew points out that Anbang made three unsuccessful bids for Starwood last year. According to Starwood filings, potential sources of financing were an issue each time for Starwood.

“On the third attempt on Nov. 3, Anbang withdrew its offer in the middle of a meeting with Starwood executives, the filings say, after Starwood told the Chinese insurer it wouldn’t be able to proceed without financing details,” Carew writes.

Anbang’s most recent offer of a $14 billion all cash buyout has once again raised questions over where the money will come from. Anbang has been very active in acquiring hotel assets in recent years. Just last year, the company purchased…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!