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Business deals

Blackstone goes public with bid for Japanese hotelier Unizo

Wall Street firm offers 5,000 yen per share, higher than SoftBank-backed Fortress

Blackstone is one of the bidders circling around Japanese real estate group Unizo. (Blackstone photo from AP)

TOKYO -- Blackstone Group will make a tender offer for Japanese real estate group Unizo Holdings should the hotel operator agree to the takeover bid, the U.S. investment firm said Tuesday, marking a new move in a three-way pursuit.

Blackstone wants an answer from Unizo's management by Oct. 23 on the proposal to pay 5,000 yen ($46) per share.

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