Starwood Hotels (HOT) Marches Higher As Takeover Talk Swirls

Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) continues higher following yesterday's news that CEO Heyer was forced out. The move has created wild speculation that the company could be put on the auction block.

Shares of HOT are 2.3% today following yesterday's 4.6% move.

Bear Steans Comments on Takeover Prices of HLT and HOT

Commenting on the possibility of private equity takeovers in the hotel space, Bear Stearns said private equity firms could pay $40 for Hilton Hotels Corp. (NYSE: HLT) and $75 for Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT).