Marriott Moves Forward with Starwood Takeover

Marriott is one step closer to finalizing its acquisition of Starwood Hotels & Resorts, announcing today it has filed a joint proxy and registration statement with the U.S. Securities and Exchange Commission. Once the SEC approves the registration statement, it will be mailed to both Marriott and Starwood shareholders before they vote on the proposed deal.

Marriott expects the deal to close by mid-2016, forming the largest hotel company in the world.