December 22, 2019 / 1:52 PM / a month ago

Japanese hotel chain Unizo receives takeover bid from Lone Star

TOKYO, Dec 22 (Reuters) - Japanese hotel chain Unizo Holdings said on Sunday it has received a takeover offer from U.S. buyout fund Lone Star.

Lone Star will launch a tender offer to buy Unizo from Tuesday at 5,100 yen ($46.60) per share, the hotel company said in a statement. Its shares closed on Friday at 4,900 yen.

Unizo said it favours the bid.

$1 = 109.4400 yen Reporting by Junko Fujita; Editing by Susan Fenton

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below