Breakingviews - Unizo mess could make Japan M&A less hospitable

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A soured Unizo deal could undo a lot of goodwill in Japan. Creditors fear the hotelier and office owner is on the brink of insolvency after it lent its new owners the money to pay off buyout backer Lone Star soon after the $2 billion transaction closed. Years of hard work...

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The logo of Hotel Unizo, operated by Japanese hotel operator Unizo Holdings, is seen at the entrance of the hotel in Tokyo, Japan November 18, 2019.

Sixty-two-year-old Unizo, which traces its roots to the banks that eventually formed mega-lender Mizuho Financial, owns office buildings and hotels. It was the target of a nine-month takeover battle that trebled its market value and attracted multiple offers, including from Blackstone and Fortress, with hedge fund manager Elliott as a big stakeholder.

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Unizo's portfolio of hotels includes the Hotel Unizo Tokyo Shibuya, In today's roundup of regional news headlines, a creditor calls into quesiton.

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