Bain makes binding offer for Fuji Soft, 7% higher than rival KKR
TOKYO - U.S. buyout fund Bain Capital made a binding offer to buy Fuji Soft for 9,450 yen a share in a deal that values the Japanese software developer at $4 billion and outbids rival KKR by about 7%.
Bain and KKR have been engaged in a rare showdown to take over Fuji Soft, which has been at odds with some of its major shareholders. Fuji Soft has since said its board had decided to recommend shareholders to tender shares to KKR's first tender offer.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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