Fortress extends tender offer period for Japan's Unizo until Nov 1

HIS Co

17/10/2019 07:43

TOKYO, Oct 17 (Reuters) - SoftBank Group's  9984.T  Fortress
Group said on Thursday it would extend its tender-offer period
for Japanese hotel operator Unizo Holdings  3258.T , which is
also an acquisition target of Blackstone Group  BX.N  but at a
higher price, until Nov. 1.
    U.S.-based Fortress's 4,000 yen-per-share offer was
originally set to end on Thursday.
    Fortress had emerged in August as a white knight for Unizo
with a 137 billion yen bid when the hotelier was the target of
H.I.S.  9603.T . But Unizo later withdrew its support.
 urn:newsml:reuters.com:*:nL4N25C03N
    On Tuesday, Blackstone Group  BX.N  ratcheted up its pursuit
of Unizo by launching a 5,000 yen-per-share tender
offer. urn:newsml:reuters.com:*:nL3N27024N

 (Reporting by Junko Fujita and Chris Gallagher; Editing by
Muralikumar Anantharaman)
 ((813-4563-2711, junko.fujita@thomsonreuters.com, Reuters
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