Deals
KKR Raises Offer for Fuji Soft in $4.3 Billion Tussle With Bain
- Latest chapter in months-long battle for software company
- Fuji Soft shares rose, trading higher than KKR’s latest bid
A Fuji Soft office building in Tokyo.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
KKR & Co. raised its offer price for Fuji Soft Inc. to fend off a rival bid from Bain Capital, the latest chapter in a months-long battle for the Japanese software company.
The New York-based private equity firm increased its tender offer for Fuji Soft to 9,850 yen per share, putting it above the 9,600 yen per share that Bain Capital said it planned to offer. That values Fuji Soft at around 664 billion yen ($4.3 billion).