Blackstone says to raise its offer for Unizo to 6,000 yen per share

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TOKYO (Reuters) – U.S. private equity Blackstone Group (N:) said on Monday it would raise its proposed offer price to buy Japan’s hotel chain Unizo Holdings (T:) to 6,000 yen ($53.78) per share, topping a bid by U.S. investment fund Lone Star.

Blackstone said it would only launch its bid if Unizo agrees with Blackstone’s conditions by April 30.

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