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Starwood Announces Early Tender Results of its Cash Tender Offer for up to $300,000,000 Aggregate Principal Amount of Certain of its Outstanding Notes
Fri 10:43 am ET (Business Wire)
WHITE PLAINS, N.Y.----Starwood Hotels & Resorts Worldwide, Inc. , today announced that, as of 5:00 p.m., New York City time, on November 19, 2009 , $193,652,000 aggregate principal amount of its 7⅞% Senior Notes due 2012 and $132,107,000 aggregate principal amount of its 6¼% Senior Notes due 2013 have been tendered and not validly withdrawn in connection with the Company’s previously announced cash tender offer , on the terms and subject to the conditions set forth in the Company’s Offer to Purchase, dated November 5, 2009, and a related Letter of Transmittal, to purchase up to $200,000,000 aggregate principal amount of the 2012 Notes and $100,000,000 aggregate principal amount of the 2013 Notes.
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| Market Capitalization: | 29B | | Price
/ Earnings: | NM | | Price
/ Book: | 24.9 | | Net
Profit Margin (mrq): | -5.1% | | Price
To Free Cash Flow (mrq): | 26.5 | | Return
on Equity: | 0.0% | | Total
Debt / Equity: | 0.0 | | Dividend
Yield: | 1.7% |
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