Fortress Investment Group raised its bid on Friday for Japanese hotel operator Unizo Holdings by 2.5% but the offer remains well below both the current share price and an offer from a rival suitor.
SoftBank Group-owned Fortress bumped up its bid for Unizo to 4,100 yen per share from 4,000 yen, or $1.3 billion, and extended its tender offer period until Nov. 29, a regulatory filing with the Japanese finance ministry showed.
