TOKYO -- Unizo Holdings plans to delist via an employee buyout backed by U.S. fund Lone Star Global Acquisitions, the Japanese hotel chain said Sunday, possibly ending a monthslong takeover feud.
An entity formed by Unizo employees and Lone Star will carry out a tender offer starting Tuesday, aiming to acquire all Unizo shares except treasury stock. It will pay 5,100 yen per share -- a 4% premium over Friday's closing price.
