BETHESDA, Md. and STAMFORD, Conn.
Marriott International and Starwood Hotels & Resorts scheduled their separate stockholder meetings to approve the previously announced combination transactions for 10 a.m. Eastern Time on March 28, 2016, with the mailing of their joint proxy statement expected to begin on or about Feb. 19, 2016.
The Marriott stockholder meeting will be held at its corporate headquarters in Bethesda, Md. The Starwood stockholder meeting will be held at the Sheraton Stamford Hotel in Stamford, Conn.
Marriott and Starwood are continuing to cooperate with competition authorities in the United States and a number of other jurisdictions worldwide as they seek regulatory approvals for the transaction. The companies expect to close the transaction in mid-2016, subject to receipt of regulatory approvals, Starwood's divestiture of its vacation ownership business, and satisfaction of other conditions.
Securities laws and other legal considerations will prevent Marriott from repurchasing any shares from today until Marriott's and Starwood's stockholders have voted on the proposed merger.
