January 29, 2020 / 7:31 AM / in a month

Softbank-Backed Fortress Investment ups offer price for Japan's Unizo

TOKYO, Jan 29 (Reuters) - Softbank Group-backed Fortress Investment Group has raised its offer price for hotel operator Unizo Holdings Co to 5,200 yen per share from 4,100 yen, a regulatory filing showed. Blackstone Group on Tuesday raised its proposed offer for Unizo to 5,600 yen per share from 5,000 yen, topping a rival bid of 5,100 yen from U.S. buyout fund Lone Star that is backed by the Japanese hotelier.

Reporting by Junko Fujita; Editing by Clarence Fernandez

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