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The NY times in it's recent report on the sale of Starwood hotels reported. we do not believe Marriott is willing to incur earnings dilution

The NY times in it's recent report on the sale of Starwood hotels reported. "we do not believe Marriott is willing to incur earnings dilution to facilitate the transaction". Analysts at wells Fargo wrote in a research note on Monday. If earnings dilutions is irrelevant, why do managers worry about it?

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