Japanese hotel chain Unizo receives takeover bid from Lone Star

Japanese hotel chain Unizo Holdings said on Sunday it has received a ta...

FILE PHOTO: The logo of Hotel Unizo, operated by Japanese hotel operator Unizo Holdings, is seen at the entrance of the hotel in Tokyo, Japan November 18, 2019. REUTERS/Junko Fujita/File Photo

TOKYO - Japanese hotel chain Unizo Holdings said on Sunday it has received a takeover offer from U.S. buyout fund Lone Star. Lone Star will launch a tender offer to buy Unizo from Tuesday at 5,100 yen per share, the hotel company said in a statement. Its shares closed on Friday at 4,900 yen.

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