Reported about 1 month ago
Fuji Soft's leading shareholder, 3D Investment Partners, has publicly backed KKR's $4 billion takeover bid for the Japanese software developer. They believe KKR is the best partner for the company and have committed to tender its shares. KKR's offer of 8,800 yen per share faces competition from Bain Capital's higher bid of 9,450 yen per share. However, with the support of 3D and another major shareholder, KKR is poised to secure control and block Bain's offer.
Source: YAHOO