Deals
Starwood Drops After InterContinental Says Not in Talks
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Starwood Hotels & Resorts Worldwide Inc., the owner of brands including Westin and Sheraton, dropped the most in nine months after InterContinental Hotels Group Plc said it isn’t in merger talks with the lodging company.
Starwood shares fell 5.4 percent to $78.20 at the close of trading, the biggest one-day decline since Oct. 28.