NEW YORK CITY: Starwood Hotels & Resorts said on Monday (Tuesday in Manila) it was weighing an improved takeover bid from a group led by Chinese insurer Anbang that trumps its agreed deal with Marriott International.

In the latest turn in the bidding war for the US hotel operator, Starwood said the consortium led by Anbang Insurance gave a non-binding offer on Saturday of $82.75 per share, an all-cash deal valued at $14 billion.

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