KKR raises tender offer price for Fuji Soft acquisition (updated)

Fuji Soft

15/11/2024 10:33

(Updating with Fuji Soft announcement)
       TOKYO, Nov 15 (Reuters) - Private equity firm KKR
 KKR.N  has raised its tender offer price for the acquisition of
Japanese software developer Fuji Soft  9749.T  to 9,451 yen
($60.86) a share from 8,800 yen previously, the Japanese company
said on Friday.
    Fuji Soft said its board decided at a meeting on Friday to
support KKR's tender offer and oppose rival U.S. Bain Capital's
proposal.
    KKR's proposal exceeds the 9,450 yen offered by Bain
Capital. 
    
    ($1 = 155.2900 yen)

 (Reporting by Kaori Kaneko, Mariko Katsumura and Kiyoshi
Takenaka; Editing by Jan Harvey)
 ((kaori.kaneko@thomsonreuters.com;))