Bain Capital says it may withdraw tender offer proposal for Fuji Soft
11/02/2025 01:18
TOKYO, Feb 11 (Reuters) - U.S. private equity firm Bain
Capital said it may withdraw its tender offer proposal for
Japanese IT firm Fuji Soft 9749.T , after rival suitor KKR
KKR.N raised its offer above Bain's in a protracted bidding
war.
Bain Capital "is carefully considering its future policy,
including the option of withdrawing" the proposal, it said in a
statement on Monday.
KKR last week raised its offer price to 9,850 yen ($64.88)
per share from 9,451 yen per share, above Bain's most recent
offer of 9,600 yen per share in December.
Fuji Soft shares ended down 0.2% at 9,960 yen on Monday. The
Tokyo stock market is closed on Tuesday due to a public holiday.
KKR currently has a 33.97% stake in Fuji Soft following the
first stage of a two-part bid in which two activist investors -
3D Investment Partners and Farallon Capital - agreed to tender
their shares to KKR.
Bain, which is supported by Fuji Soft's founding family, has
yet to launch a tender offer.
($1 = 151.8200 yen)
(Reporting by Kiyoshi Takenaka; Editing by Jamie Freed)
((kiyoshi.takenaka@thomsonreuters.com; +81 3 4563 2788;))