Reported 19 days ago
Private equity firm KKR has obtained a 35% stake in the Japanese software company Fuji Soft following the first stage of its two-part tender offer. Despite Bain Capital's higher bid to take Fuji Soft private, KKR now possesses enough shares to block Bain's attempt. The second stage of KKR's tender offer, maintaining the price at 8,800 yen per share, is set to launch in mid-November.
Source: YAHOO