Blackstone Group said on Friday it had extended the deadline for Japanese hotel operator Unizo Holdings to respond to the buyout firm’s $1.6 billion offer. Blackstone said in a statement that it would provide an additional update by Wednesday. Blackstone last month emerged as a bidder for Unizo and warned the company it would launch a tender offer or explore other options if Unizo did not agree to its proposal. …read more
Source:: Yahoo Finance
