Bain Capital proposes a ¥9,450/share takeover of Fuji Soft, surpassing KKR's ¥8,800 offer.

Bain Capital has proposed a binding takeover of Japanese software developer Fuji Soft Inc. with an offer of ¥9,450 ($63) per share, surpassing KKR's ¥8,800 offer by 7%. The bid aims to take Fuji Soft private, potentially reducing the founding family's voting rights to under one-third. Bain plans to initiate the offer by late October, pending Fuji Soft's backing, while KKR is seeking shareholder agreements to secure at least 32.68% of the company's stock.

October 12, 2024
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