financetom
Technology
financetom
/
Technology
/
KKR asks Fuji Soft to file injunction against Bain's 'breach of NDA'
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
KKR asks Fuji Soft to file injunction against Bain's 'breach of NDA'
Jan 5, 2025 7:05 PM

TOKYO, Jan 6 (Reuters) - U.S. private equity fund KKR

said on Monday it sent a letter to Fuji Soft

asking it to make a court filing to stop what it said was Bain

Capital's violation of a non-disclosure agreement amid Bain and

KKR's acquisition battle for the software maker.

In the letter, KKR asked Fuji Soft to file an injunction to

halt Bain Capital's "continued breach of its non-disclosure

agreement".

KKR and Bain are trying to buy Fuji Soft in competing tender

offer bids worth as much as $2 billion.

Fuji Soft's board has come out in support of KKR's lower bid

and demanded that Bain destroy the confidential information it

compiled during due diligence.

Bain has said this disregarded the interests of shareholders

and that it wanted to continue using the information to launch

its tender offer. Fuji Soft's founding family has said it

supports Bain's bid.

Fuji Soft and Bain did not immediately reply to Reuters'

requests for a comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Apple hits out at Meta's numerous interoperability requests
Apple hits out at Meta's numerous interoperability requests
Dec 18, 2024
BRUSSELS (Reuters) -Apple on Wednesday hit out at Meta Platforms, saying its numerous requests to access the iPhone maker's software tools for its devices could impact users' privacy and security, underscoring the intense rivalry between the two tech giants. Under the European Union's landmark Digital Markets Act that took effect last year, Apple must allow rivals and app developers to...
US considers ban on China's TP-Link over security concerns, WSJ reports
US considers ban on China's TP-Link over security concerns, WSJ reports
Dec 18, 2024
(Reuters) -U.S. authorities are considering a ban on China's TP-Link Technology Co over national security concerns after its internet routers were linked to cyber attacks, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. In August, two U.S. lawmakers urged the Biden administration to probe the Chinese router-manufacturer and its affiliates over fears their Wi-Fi routers...
KKR extends tender offer period for Japan's Fuji Soft to Jan 9
KKR extends tender offer period for Japan's Fuji Soft to Jan 9
Dec 19, 2024
TOKYO, Dec 19 (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...
Italy, Spanish fund make $733 mln bid for Telecom Italia subsea unit
Italy, Spanish fund make $733 mln bid for Telecom Italia subsea unit
Dec 19, 2024
MILAN/ROME, Dec 19 (Reuters) - Italy's Treasury and Spanish fund Asterion have made a 700 million euro ($733 million) joint binding offer for Telecom Italia's (TIM) submarine cable unit Sparkle, the ministry and the former phone monopoly said on Thursday. The sale is part of infrastructure asset sales by TIM Chief Executive Pietro Labriola, aimed at cutting the company's debt...
Copyright 2023-2025 - www.financetom.com All Rights Reserved