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


TOKYO (Reuters) - Japan’s Unizo Holdings (3258.T) said it is in talks with a potential partner after the Nikkei reported a SoftBank Group (9984.T) 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 that travel agency H.I.S. Co (9603.T) has offered, the Nikkei daily said.

Unizo, which opposes H.I.S.’s bid ...


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