TOKYO, Nov 7 (Reuters) - U.S. buyout firm Blackstone Group said on Thursday that Japan’s hotel operator Unizo Holdings had not agreed with conditions the U.S. buyout firm set for its proposed $1.6 billion takeover bid by deadline.
Blackstone had told Unizo it would launch a tender offer or explore other options if Unizo did not agree to its offer to buy the company at 5,000 yen a share by Wednesday.
“Blackstone has not received Unizo’s consent and entry into an agreement between Blackstone and Unizo with respect to the Blackstone offer,” the U.S. buyout fund said in a statement.
($1 = 108.9600 yen)
Reporting by Junko Fujita; Editing by Edmund Blair