Takeover Offer: Offer and Unizo

takeover offer: The stock rose as much as 6.1 percent to 5,200 in Tokyo on Monday. ; Unizo has been caught in a rare battle among global investing behemoths since a travel agency operator launched a surprise tender offer in July, according to The Japan Times. Fortress Investment Group and a number of other investment firms joined the fray before Blackstone came in with an offer of 5,000 per share. Unizo backed a takeover offer made by its employees in partnership with Lone Star Group worth 174.4 billion 1.6 billion saying in a statement Sunday that the offer price of 5,100 per common share is above proposals made by other bidders. Unizo has withheld support for that offer as it became clear that management was getting cold feet about an outright sale. The fact that the stock is trading slightly through the terms is a reflection of investors' expectations. The Lone Star transaction now sets a deliverable benchmark for the stock and there remains the possibility that Blackstone or Fortress could return with a similar transaction structure at a higher price, said Justin Tang, head of Asian research at United First Partners, an investment and advisory group that specializes in special situations. (news.financializer.com). As reported in the news.