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NEW YORK (TheStreet) -- Starwood Hotels & Resorts Worldwide (HOT) stock is up 4.60% to $84.29 in pre-market trading on Monday after the hotel company announced that it agreed to a revised takeover offer from Marriott Int'l (MAR).

Under the terms of the revised merger agreement, Marriott would acquire Starwood for $79.53 per share, or $13.6 billion.

Last week, Starwood announced that it intended to terminate its merger agreement with Marriott and sign a merger agreement with a consortium led by Chinese insurer Anbang Insurance Group. The consortium offered to acquire Starwood for $78 per share.

Starwood's board determined that Marriott's new offer is a "superior proposal" compared to Anbang's, the company said in a statement. 

"We are pleased that Marriott has recognized the value that Starwood brings to this merger and enhanced the consideration being paid to Starwood shareholders," Starwood Chairman Bruce Duncan said in a statement. "We continue to be excited about the combination of Starwood and Marriott, which will create the world's largest hotel company with an unparalleled platform for global growth in the upscale segment."

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Marriott stock is down 0.68% to $72.65 in pre-market trading on Monday.

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rates this stock as a "buy" with a ratings score of B-. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

You can view the full analysis from the report here: HOT

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