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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  UNIZO Holdings Company, Limited    3258   JP3394400000

UNIZO HOLDINGS COMPANY, LIMITED

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UNIZO : Japanese hotel group Unizo gets six new buyout offers

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11/24/2019 | 10:50am EST
FILE PHOTO: The logo of Hotel Unizo, operated by Japanese hotel operator Unizo Holdings, is seen at the entrance of the hotel in Tokyo, Japan

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. But later it withdrew its support for Fortress' white-knight offer.

Last month, Blackstone offered to buy the company at 5,000 yen per share, valuing Unizo at $1.6 billion.

Unizo said on Sunday it was positively engaged in talks with Blackstone. Blackstone on Friday extended the deadline for Unizo to respond to its offer..

Fortress is currently running a public tender offer to buy Unizo at 4,100 yen per share, valuing the company at $1.3 billion. Unizo said on Sunday it was asking Fortress to raise its bid price to 5,000 yen per share. Unizo said it wanted any bidder to make an offer at 5,000 yen per share or more. Some of the new bidders are still considering the offer price, Unizo said.

(Reporting by Junko Fujita. Editing by Jane Merriman)

Stocks mentioned in the article
ChangeLast1st jan.
H.I.S. CO., LTD. -5.90% 2329 End-of-day quote.0.47%
UNIZO HOLDINGS COMPANY, LIMITED 2.74% 6010 End-of-day quote.0.17%
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Latest news on UNIZO HOLDINGS COMPANY, LI
02/24Blackstone raises offer for Japan's Unizo, tops Lone Star's bid
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02/13ANNOUNCEMENT REGARDING AMENDMENTS TO : 3258)” due to Changes of Conditions..
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01/29ANNOUNCEMENT REGARDING AMENDMENTS TO : 3258)” due to Changes of Conditions..
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01/29Japan's Maeda Road seeks white knight to thwart hostile takeover
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01/29Softbank-backed Fortress Investment raises offer for Japan's Unizo
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01/28Blackstone raises Unizo offer to $1.75 billion, topping rival
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01/28Blackstone raises Unizo offer to $1.75 billion, topping rival
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01/21ANNOUNCEMENT REGARDING AMENDMENTS TO : 3258)” due to Changes of Conditions..
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2019ANNOUNCEMENT REGARDING AMENDMENTS TO : 3258)” due to Changes of Conditions..
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2019Lone Star emerges as white-knight bidder for Japanese hotel chain Unizo
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Financials (JPY)
Sales 2020 -
EBIT 2020 -
Net income 2020 -
Debt 2020 -
Yield 2020 -
P/E ratio 2020 -
P/E ratio 2021 -
Capi. / Sales2020 -
Capi. / Sales2021 -
Capitalization 206 B
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 1
Average target price 3 100,00  JPY
Last Close Price 6 010,00  JPY
Spread / Highest target -48,4%
Spread / Average Target -48,4%
Spread / Lowest Target -48,4%
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Managers
NameTitle
Tetsuji Kosaki President & Representative Director
Takao Suzuki Chairman
Masafumi Shinagawa Managing Executive Officer & Finance Manager
Masato Yamamoto Senior MD & Senior Managing Executive Officer
Motoaki Kitayama Independent Director
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