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Hedge fund Elliott holds 5.51% stake in Japan's Unizo: filing

Published 08/06/2019, 02:50 AM
Updated 08/06/2019, 03:35 AM
© Reuters.  Hedge fund Elliott holds 5.51% stake in Japan's Unizo: filing
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TOKYO (Reuters) - U.S. hedge fund Elliott Management holds a 5.51% stake in Japanese hotel operator Unizo Holdings (T:3258), according to a regulatory filing submitted on Tuesday in Japan.

Japanese travel agency H.I.S. Co (T:9603) last month launched a tender offer for about 40 percent of the shares in Unizo, which operates limited-service hotels in Japan.

H.I.S., already Unizo's top shareholder with a 4.79 percent stake, said it wants to increase its stake in Unizo to as much as 45 percent.

Unizo has yet to announce its stance on H.I.S.'s tender offer.

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