Softbank-Backed Fortress Investment ups offer price for Japan's Unizo
January 29, 2020 at 02:27 AM EST
Softbank Group-backed Fortress Investment Group has raised its offer price for hotel operator Unizo Holdings Co to 5,200 yen per share from 4,100 yen, a regulatory filing showed. Blackstone Group on Tuesday raised its proposed offer for Unizo to 5,600 yen per share from 5,000 yen, topping a rival bid of 5,100 yen from U.S. buyout fund Lone Star that is backed by the Japanese hotelier.
