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Log In / Register | May 26, 2017
News about company buy outs and mergers

Stockholders Approve of Starwood Merger with Marriott

Starwood's St. Regis New York hotel
Starwood's famous St. Regis NY hotel (photo/Starwood)

BETHESDA, Md. And STAMFORD, Ct.—At separate meetings on Friday, stockholders of both Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) and Marriott International, Inc. (NASDAQ:MAR) agreed to a revised proposal of a Starwood merger with Marriott.

Marriott Buys Starwood to Create World’s Largest Hotel Chain

Starwood's Westin Peachtree Plaza, Atlanta, Georgia. Photo by James Good, creative commons, Flickr
Starwood's Westin Peachtree Plaza, Atlanta, Georgia. Photo by James Good

BETHESDA, Md.—Creating the largest hotel chain in the world, Marriott International, Inc. (NASDAQ:MAR) announced Monday that it intends to buy Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) for $11.9 billion in stock and $340 million in cash.

CEO Explains Purchase of 40% of Smashburger by Asia-Based Company

Jollibee fast food. photo by Pualani
Jollibee in Iwilei area of Honolulu, Hawaii. Photo by Pualani Jensen.

It is not often that we in the U.S. hear about a Filipino company buying a large chunk of an American company. Manila-based Jollibee Food Corporations, a fast-growing owner of Asian restaurant chains, and the buyer of 40 percent of Smashburger, is paying a cool $100 million for its stake.

Warren Buffett Copying 'Subway-Type' Sandwiches in His DQ Brand

Some insiders are questioning if legendary investor and billionaire Warren Buffet has copied Subway's oven-toasted sandwiches in launching his Dairy Queen brand's latest national advertising campaign. The new ads are scheduled for September.

Burger King Franchisee Buys 60 Restaurants in Michigan

ATLANTA—Burger King franchise owner GPS Hospitality announced on Tuesday that it has purchased 60 Burger King branded restaurants from Team Schostak Family Restaurants for an undisclosed amount. The acquired quick service restaurants stretch from Detroit to Ann Arbor of Michigan's Lower Peninsula.

Dwyer Buys Service Brands

Molly Maid
MollyMaid bought by Dwyer. Photo by Tommaync

WACO, Texas—Dwyer Group Inc. announced Monday that it has acquired Service Brands International for an undisclosed amount. With the acquisition, Dwyer Group, franchisor of eleven trade service chains, adds three more.

Crippled Kahala Buys Troubled Tasti D-Lite

Tasti D-Lite signSCOTTSDALE, Ariz. – Fast food franchising conglomerate Kahala Brands of Scottsdale, Arizona announced that it has bought Brentwood, Tennessee-based franchising firm Tasti D-Lite.