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SoftBank-owned Fortress to make rival bid for Unizo


Reuters


TOKYO, Aug 16 (Reuters) - Fortress Investment Group, an investment firm owned by SoftBank Group , will offer to buy Japanese hotel operator Unizo Holdings Co , launching a counter bid against travel agency H.I.S. Co , the Nikkei reported on Friday.

Fortress will a launch tender offer as soon as the start of next week for all the shares in Unizo at a price higher than H.I.S.'s offer of 3,100 yen, the Nikkei said, adding that Unizo would be delisted.

Unizo, which opposes H.I.S.'s bid, has sought help from Fortress as a 'white knight', the Japanese daily said, without citing sources.

($1 = 106.0600 yen)






This article appears in: World Markets , Stocks



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