October 2, 2019 / 9:13 AM / 15 days ago

Fortress says extends offer deadline on Japan's Unizo, says did not seek employment change

TOKYO, Oct 2 (Reuters) - SoftBank-backed Fortress Investment Group said on Wednesday it had extended its tender offer for Japanese hotel operator Unizo Holdings to Oct. 17, and said had not proposed a change to employment conditions.

Fortress’s bid for Unizo, originally a “white knight” offer, was thrown into doubt last week when Unizo withdrew its support for the $1.3 billion offer, saying Fortress had not met concerns about employment and working conditions of current employees.

In a regulator filing, Fortress said it had extended the tender offer deadline for the second time, to Oct. 17. (Reporting by Junko Fujita; Writing by David Dolan Editing by Louise Heavens)

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