latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/lone-star-backed-chitocea-set-to-become-new-owner-of-japan-s-unizo-holdings-57902759 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Lone Star-backed Chitocea set to become new owner of Japan's Unizo Holdings

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Lone Star-backed Chitocea set to become new owner of Japan's Unizo Holdings

A tender offer by Lone Star-backed Chitocea Investment Co. Ltd. for UNIZO Holdings Co. Ltd. shares expired April 2, with the buyer set to acquire all 29,618,824 shares tendered in the offer at ¥6,000 apiece in cash.

The tendered shares represent 86.55% of the Japanese hotel operator's outstanding shares, with Chitocea planning to acquire the remaining Unizo shares that were not tendered in the offer.

Unizo shareholders Elliott International LP and The Liverpool LP agreed to tender their shares, effective April 10, which is the date for the commencement of settlement.

Once the settlement is complete, Chitocea aims to request that Unizo hold an extraordinary shareholder meeting, with a view to executing a reverse split of its shares, among other things, that would eventually lead to the company's delisting.

Unizo previously also attracted interest from several potential suitors, including private equity and real estate giant The Blackstone Group Inc.

As of April 2, US$1 was equivalent to ¥107.72.