Mitsui Fudosan Offers $1.2 Billion to Acquire Tokyo Dome

Mitsui Fudosan Co. announced a 120.5 billion yen ($1.2 billion) bid for Tokyo Dome Corp., the operator of the landmark Japanese baseball stadium that’s facing pressure from activist investor Oasis Management Co.

The Japanese real estate company plans a tender offer of 1,300 yen a share, it said in a statement Friday. Yomiuri Shimbun, the owner of the Tokyo Giants baseball team, is seeking to purchase a 20% stake after the deal is completed. Tokyo Dome said it supported the offer.

Outside the Tokyo Dome in Tokyo earlier in March.

Photographer: Toru Hanai/Bloomberg

Tokyo Dome has been fending off a campaign by Seth Fischer’s Oasis Management to seek ...