Bain reportedly plans counteroffer for Fuji Soft; shares gain
It was reported that Bain Capital indicated its intention to present a counteroffer that surpasses the existing bid by KKR & Co . Bain is reportedly preparing to propose ¥9,300 per share for the acquisition of Fuji Soft, which stands higher than KKR's offer of ¥8,800 per share made in July.that Bain Capital's offer is not only higher but also expected to be formalized into a legally binding proposal in October.
Fuji Soft responded to the emerging scenario by stating that any official offer from Bain Capital will be subjected to a thorough review by its special committee. "While the reported price offered by Bain Capital is only around 5% higher than KKR’s offer price, we view the continuation of the process of realizing shareholder value as positive for the share price," Citi analysts wrote in a note.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.
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