Starwood Hotels receives unsolicited bid,...

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Marriott International Inc. (NASDAQ: MAR) reaffirmed Monday its commitment to acquire Starwood Hotels & Resorts Worldwide in the largest hospitality merger ever after Starwood said it received an unsolicited takeover bid from an investor group. The group is led by led by China’s Anbang Insurance Group, Marriott said in a release. The group is offering $76 per share to acquire Stamford, Conn.-based Starwood, the Wall Street Journal reported, for a purchase price of about $12.8 billion. Starwood…