Reported 4 days ago
Bain Capital has decided to abandon its bid for Fuji Soft Inc., concluding a prolonged bidding war with KKR & Co. to privatize the Japanese software company. This decision follows KKR's increased offer to ¥9,850 per share. Fuji Soft's board continues to support KKR, emphasizing the quicker completion and benefits to shareholders. The battle reflected the competitive dynamics of Japan's private equity landscape, where Bain's initial challenge prompted KKR to escalate its offer.
Source: YAHOO