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SoftBank's Fortress emerges as white knight for hotel chain Unizo with $1.3 billion bid

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TOKYO (Reuters) - Japanese hotel chain Unizo Holdings said it received a friendly buyout offer worth up to $1.3 billion (1.07 billion pounds) from a SoftBank Group investment firm, a deal that will help it fend off a rare hostile takeover bid from travel agency H.I.S. Co. U.S.-based Fortress Investment Group will launch a tender offer from next week for all of Unizo's shares at 4,000 yen apiece..
Date Published: Aug 16, 2019
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