May 27, 2009

Unison: Sweetens Tender Offer Price for Aderans

Unison Capital announced that it will lift its tender offer price for battered wigmaker Aderans Holding Co. by 200 yen to 1200 yen a share. Unison Capital and Aderans are locked in a battle with US hedge fund Steel Partners for shareholder votes at Aderans' annual meeting scheduled on the 28th. Steel Partners, Aderans' main shareholder with a 27% stake had once asked other shareholders to reject Unison's earlier offer as too low.

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