Summary
Marriott International Inc. (MAR) filed an 8-K on June 6, 2016, to provide investors with crucial financial information related to its proposed merger with Starwood Hotels & Resorts Worldwide, Inc. The filing includes unaudited pro forma condensed combined financial statements, offering a glimpse into the expected financial position and performance of the combined entity. This information is vital for investors to assess the potential scale, financial health, and operational synergies of the merged company before the transaction's completion.
Key Highlights
- 1Marriott is providing unaudited pro forma financial information for the combined Marriott and Starwood businesses.
- 2This pro forma data covers the years ended December 31, 2013, 2014, and 2015, and the three months ended March 31, 2016.
- 3The filing includes a pro forma condensed combined balance sheet as of March 31, 2016.
- 4Included are pro forma condensed combined statements of income for the three months ended March 31, 2016, and the fiscal year ended December 31, 2015.
- 5Audited consolidated financial statements for Starwood for the years ended December 31, 2013, 2014, and 2015 are incorporated by reference.
- 6Unaudited consolidated financial statements for Starwood for the three months ended March 31, 2015, and 2016 are also incorporated by reference.
- 7The filing serves to make this financial information readily available to the public and investors in connection with the ongoing merger with Starwood.