Business »  Topic »  SoftBank-owned Fortress to make 'white knight' bid for Japan's Unizo: Nikkei

SoftBank-owned Fortress to make 'white knight' bid for Japan's Unizo: Nikkei


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

Tokyo: Japan's Unizo Holdings said it is in talks with a potential partner after the Nikkei reported a SoftBank Group firm will offer to buy out the hotels operator to help it fend off a hostile takeover bid.

U.S.-based Fortress Investment Group will open a tender offer as soon as next week for all of Unizo's shares at a higher price than the 3,100 yen per share ...


Read the full text Times Now - ET Now