Bain goes hostile as Fuji Soft battle with KKR intensifies: Report

Quick Summary:

Fuji Soft's share price finished 1.3 per cent higher at 9,771 yen, indicating that investors are speculating about the prospects of a more heated bidding war.

KKR then responded by shifting to a two-part tender process, allowing it to secure shares from 3D, Farallon and some shares held by management.  (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.

Fuji Soft's board this week reaffirmed its support for the second stage of KKR's bid despite the lower offer price of 9,451 yen.

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Article Details

Category: BusinessFinance

Markets: IndiaJapan

Topics: Fuji Soft Farallon Capital Yen Hiroshi Nozawa Japanese IT firm 3D Investment Partners Bain Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 23:05:02 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 731 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24539206

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