On October 16, 2019, Elliott Management Corp. announced that it has called on the board of Japanese real estate Company Unizo Holdings Co. to consider a takeover proposal made by Blackstone Group Inc. Elliott Management stated that Blackstone had ready to proceed with the tender offer at 5,000 yen ($45.93) a share if both parties agree to certain conditions by October 23, 2019. In addition, Elliott Management stated that Blackstone has agreed to maintain or improve current labor conditions for the Company employees during its potential investment.