UNIZO and US fund also intend to TOB.
US investment fund has unveiled its intention to offer TOB = Tender Offer to UNIZO Holdings.
With regard to UNIZO, after a major travel agency, HIS, failed in hostile TOB, funds under the SoftBank Group carried out TOB, so there is a possibility of developing into an acquisition battle.
US investment fund Blackstone has been offering proposals for acquisitions by TOB to Unizo since last month, but on the 10th of this month, Unizo said that “there is not enough mechanism to protect employee employment”. He answered that he could not respond.
Blackstone announced its intention to carry out TOB with the aim of acquiring all shares of UNIZO on the 15th, and if the consent of UNIZO side is not obtained by 23rd of this month, He also showed the possibility of embarking on a hostile TOB.
Regarding UNIZO, the hostile TOB conducted by major travel agency HIS ended in failure in August, and now funds under the Softbank Group are an unusual development to implement TOB.
Depending on how Blackstone will appear in the future, it may develop into a battle for acquisition.