Starwood signs confidentiality pact with Zell firm
Published: 07 Jan 2009 19:13:14 PSTNEW YORK, Jan 2 - Starwood Hotels & Resorts Worldwide Inc has signed a confidentiality agreement with property magnate Sam Zell's Equity Group Investments LLC, according to a regulatory filing.
Such a move could be in preparation for Zell's firm taking a greater stake in Starwood, but no such intention was mentioned in the filing with the U.S. Securities and Exchange Commission on Wednesday.
Equity Group Investments owns 14.75 million Starwood shares, according to the filing, or about 8 percent of Starwood's outstanding shares, according to Reuters data.
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