Reported 3 days ago
The founding family of Japanese IT firm Fuji Soft has reaffirmed its support for Bain Capital's $2 billion hostile takeover bid, despite opposition from the company's board. Bain's offer of 9,600 yen per share outspaced rival KKR's bid, prompting Bain to go hostile after Fuji Soft's board rejected the offer in favor of KKR. Fuji Soft founder Hiroshi Nozawa expressed concerns over the board's special committee, emphasizing a lack of trust in their decision-making process.
Source: YAHOO