TOKYO (Reuters) - SoftBank Group's Fortress Group said on Thursday it would extend its tender-offer period for Japanese hotel operator Unizo Holdings, which is also an acquisition target of Blackstone Group but at a higher price, until Nov. 1.
U.S.-based Fortress's 4,000 yen-per-share offer was originally set to end on Thursday.
Fortress had emerged in August as a white knight for Unizo with a 137 billion yen bid when the hotelier was the target of H.I.S.. But Unizo later withdrew its support.
On Tuesday, Blackstone Group ratcheted up its pursuit of Unizo by launching a 5,000 yen-per-share tender offer.
(Reporting by Junko Fujita and Chris Gallagher; Editing by Muralikumar Anantharaman)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 7,793 JPY | +0.05% | +0.14% | 74.27B | ||
| 1,718 JPY | -0.81% | -2.50% | 834M | ||
| 118 USD | -0.84% | -3.67% | 85.94B | ||
UNIZO HOLDINGS COMPANY, LIMITED 
