Japanese hotel operator Unizo Holdings said on Sunday it had received six more buyout offers at a price competitive with an existing $1.6 billion bid proposed by Blackstone Group.
Unizo said it had received offers from four overseas investment funds and one Japanese fund as well as one domestic company, without naming the bidders. Unizo said none of the offers would meet its demands. The multiple offers may further complicate the takeover saga surrounding the hotel operator, which is already in talks with two top global investment groups - Blackstone and Fortress Investment Group.
Unizo in July became a target for a hostile bid by a Japanese travel agent H.I.S. Co. Unizo at one stage turned to SoftBank Group-owned Fortress to fend off the bid.
Comments
Comments are closed for this article.