Anbang Insurance’s $13bn bid for Starwood Hotel & Resorts makes it the latest in a string of Chinese companies which have sought to gate-crash high profile deals.
In this case, Anbang is seeking to outbid hotels chain Marriott and launch what would be the biggest takeover yet of a US company by a Chinese group.
Since January, Chinese companies have also taken shots at buying Swiss agrochemical business Syngenta and two US groups, crane maker Terex and Fairchild Semiconductor.
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