TOKYO (Reuters) – U.S. hedge fund Elliott Management holds a 5.51% stake in Japanese hotel operator Unizo Holdings <3258.T>, according to a regulatory filing submitted on Tuesday in Japan.
Japanese travel agency H.I.S. Co <9603.T> 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.
(Reporting by Junko Fujita; Editing by Chris Gallagher)