China Anbang Insurance Group said in an e-mail that all its acquisitions are friendly, and it backs out whenever there is opposition from stakeholders, Bloomberg reported on Wednesday.
Also, all of the Beijing-based insurer's internal decisions are made by investment professionals, and deals are made only after weighing the costs and benefits, the company was quoted as saying by Bloomberg.
Anbang, one of the nation's top corporate acquirers, has challenged hotel group Marriott International Inc's merger with U.S. hotel operator Starwood Hotels & Resorts Worldwide Inc with a $12.8 billion cash offer, media reports said on Tuesday.
The company's non-binding offer announced on Monday by -Marriot, is an offer to acquire all of Starwood's shares for $76.00 per share in cash, a much better price than the $67.22 per share valuation proposed by Marriott, according to the reports.
Anbang's investments are the final results of numerous project analyses and judgments made by its international investment team, the company was quoted as saying in Bloomberg's report.
Also, the company must have conviction that it can make a profit even under the worst-case scenario in order to move forward on each investment, according to Bloomberg.
