UNIZO Employees Relative to Unusual Company Acquisition Third-Party Acquisition Proposal April 3 19:39
UNIZO Holdings, Inc., which operates a hotel business that has been receiving proposals for acquisitions from investment funds and others, has announced that its employees will take over the company. It is unusual for a domestic listed company to have employees take over the company in response to a takeover offer from a third party.
According to the announcement of UNIZO Holdings, the TOB (Tender Offer) for its own company, which was being promoted by an employee-funded company with the cooperation of an investment fund in the United States, ended on February 2 and more than 86% of the shares were collected. Is established.
It is called EBO when employees of the company take the initiative in acquiring the company, which is unusual for listed companies in Japan.
Over the past year, UNISO and a major travel agency, HI-IS and a fund belonging to the SoftBank Group, have made a bid for the acquisition and implemented a TOB.U.S. investment funds have also indicated the intention of the TOB and are developing into an acquisition battle. Was.
UNIZO has taken an unusual measure of employee takeover of the company in response to third party takeover proposals, but this is likely to break the mess.
Unizo commented, "We favored this employee acquisition over third party acquisition proposals in terms of maintaining and improving corporate value and protecting employees."