Reported about 1 month ago
Bain Capital has made a surprise bid to acquire Fuji Soft Inc. for over 600 billion yen ($4.1 billion), creating a rare public takeover contest against rival KKR & Co. This unexpected move threatens a prior agreement between Fuji Soft and KKR, as Bain's proposal values shares at approximately ¥9,200 to ¥9,300, exceeding KKR's initial offer. The increased takeover activity in Japan is attributed to a weaker yen and a shift towards a focus on shareholder value.
Source: YAHOO