Reported about 1 month ago
KKR & Co. is advancing its tender offer for Fuji Soft Inc. to September 5, aiming to secure the acquisition before Bain Capital can formalize its competing bid. KKR's offer of ¥8,800 per share may be challenged by Bain's higher, non-binding proposal, which has led to significant stock price increases for Fuji Soft. Despite Bain's interest, Fuji Soft opted for KKR due to the latter's legally binding offer, heightening the urgency in Japan’s competitive private equity landscape.
Source: YAHOO