Meanwhile, Starwood Hotels & Resorts Worldwide received
an unsolicited takeover proposal from a group of investors led by Anbang Insurance Group Co., potentially upending a deal with Marriott International that would create the world's largest hotel operator.
These provisions are intended to avoid costly
takeover battles, reduce our vulnerability to a hostile change in control or other
unsolicited acquisition
proposal, and enhance the ability of our board of directors to maximize stockholder value in connection with any
unsolicited offer to acquire us.