Fortress plays long game in bidding war for Unizo, lifts offer just a bit
Share:
TOKYO (Reuters) - Fortress Investment Group on Friday raised its bid for Japan's Unizo Holdings by just 2.5%, still far below an offer from rival suitor Blackstone Group but keeping its hand in what could become a long fight for the hotel operator.Unizo had at one stage turned to SoftBank Group-owned Fortress for help in fending off an offer from domestic travel firm H.I.S. Co Ltd . But the hotel operator is currently spurning all approaches, asking for control in how any potential owner..