Bain to raise offer for Fuji Soft to 9,600 yen a share, above KKR's bid, Nikkei says

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Bain to raise offer for Fuji Soft to 9,600 yen a share, above KKR's bid, Nikkei says - Channel News Asia

Quick Summary:

TOKYO : U.S.private equity firm Bain Capital is set to raise its offer price for Fuji Soft to 9,600 yen ($63.35) from 9,450 yen to counter KKR's tender offer bid, the Nikkei business daily reported on Wednesday.

Last month, KKR had increasedits tender offer price for the Japanese IT firm to 9,451 yen, from the original 8,800 yen.

FILE PHOTO: Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017.TOKYO : U.S.private equity firm Bain Capital is set to raise its offer price for Fuji Soft to 9,600 yen ($63.35) from 9,450 yen to counter KKR's tender offer bid, the Nikkei business daily reported on Wednesday.