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KKR extends tender offer period for Japan's Fuji Soft to Jan 9

Published 12/19/2024, 04:01 AM
Updated 12/19/2024, 04:05 AM
© Reuters. FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo
KKR
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TOKYO (Reuters) - KKR extended on Thursday its tender offer period for Fuji Soft to Jan. 9 as it battles rival U.S. private equity firm Bain Capital for control of the Japanese software maker.

Its offer price was unchanged, it said in a statement.

KKR now owns about 34% of Fuji Soft after the first stage of its two-part tender offer, mainly through shares tendered by activist shareholders 3D Investment Partners and Farallon Capital Management at 8,800 yen apiece.

© Reuters. FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo

Last month, KKR raised its offer price for Fuji Soft to 9,451 yen - 1 yen above Bain's earlier bid - only to have Bain again increase its offer to 9,600 yen last week. Its second-stage tender offer period was set to expire on Thursday.

Fuji Soft's shares closed at 9,810 yen on Thursday, up 0.4% on the day.

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