Blackstone awaits Unizo response on $1.6 billion buyout proposal
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TOKYO (Reuters) - Blackstone Group said on Friday it is waiting for Japanese hotel operator Unizo Holdings to respond to its $1.6 billion (1.25 billion pounds) takeover proposal.Blackstone in October emerged as a bidder for Unizo and told the hotel chain it would launch a tender offer or explore other options if Unizo did not agree to its offer by a deadline, which it keeps extending. Blackstone said it was waiting for Unizo's formal written response on its latest proposed transaction terms...