Reported about 9 hours ago
KKR has raised its offer for Japan's Fuji Soft by 4%, amid a competitive bidding war with Bain Capital for the $4 billion IT company. The new offer stands at 9,850 yen per share, surpassing Bain's latest bid of 9,600 yen. Despite Fuji Soft's board rejecting KKR's initial bid, Bain, supported by the founding family, aims to challenge KKR's offer. The ongoing competition is indicative of the heightened deal-making activity involving Japanese firms, as global investors seek undervalued assets.
Source: YAHOO