Blackstone raises Unizo offer to $1.75b, topping rival

Blackstone raises Unizo offer to $1.75b, topping rival

Photo: Unizo website

U.S. private equity firm Blackstone Group has raised its proposed offer for Unizo Holdings by 12% to 191.6 billion yen ($1.75 billion), topping a rival bid from U.S. buyout fund Lone Star that is backed by the Japanese hotelier.

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