Deals Rumor Mill: Anbang, Xinyi Energy, Toshiba Memory

By Adam Rhodes (May 21, 2019, 6:06 PM EDT) -- Anbang Insurance's stateside luxury hotel portfolio has received bids of up to $5.8 billion from would-be buyers including Blackstone and Brookfield Asset Management, Reuters reported Tuesday. Citing an article from the Financial Times, Reuters reported that Chinese officials tasked with dividing up Anbang have received bids from 17 suitors. The outlet reported that the insurer was placed under regulatory control last year after its former chairman and general manager, Wu Xiaohui, was sent to prison for nearly 20 years for fraud and embezzlement....

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