US fund Lone Star emerges as white knight bidder for Japanese hotel chain Unizo

US fund Lone Star emerges as white knight bidder for Japanese hotel chain Unizo

Photo: Unizo website

Japanese hotel chain Unizo Holdings said on Sunday it had received a friendly buyout offer from U.S. investment fund Lone Star, a deal that could end a five-month takeover battle involving Blackstone Group, Fortress Investment Group and activist investor Elliott Management.