Bain Capital ends acquisition battle with KKR for Fuji Soft

Quick Summary:

TOKYO : U.S.private equity firm Bain Capital said on Monday it will not launch a tender offer for Fuji Soft, formally ending a takeover battle with rival KKR for the Japanese IT company.

However, KKR raised its offer price earlier this month to 9,850 yen ($65) per share from 9,451 yen, above Bain's most recent offer of 9,600 yen made in December.

Shares of Fuji Soft, the Yokohama-based software and systems developer valued at more than $4 billion, were traded at the KKR-offered price of 9,850 yen on Monday morning.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Monday Japanese Bain Battle Soft Fuji Capital Tokyo Japan Takeover Offer

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-17 @ 11:17:31 (5 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 276 words

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