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Bain aiming for Fuji Soft tender offer in early Nov, awaits company approval
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Bain aiming for Fuji Soft tender offer in early Nov, awaits company approval
Nov 4, 2024 11:53 AM

TOKYO, Nov 1 (Reuters) - Bain Capital is planning to

launch a tender offer for Japanese software firm Fuji Soft

in early November rather than late October as

originally planned but still awaits company approval, the

private equity firm said on Friday.

Bain has been locked in a $4 billion takeover battle for the

firm with rival KKR, a deal that underscores Japan's

resurgence in global dealmaking, now as a target for buyouts.

Bain said it had held Q&A sessions with Fuji Soft on Oct. 24

and 29 and would continue discussions in order to obtain the

affirmative opinion from the company that it has set as a

condition for launching its offer.

This week Bain said in a statement it would be willing to

accept a partial tender offer and that it would be willing to

work with other shareholders to raise corporate value in the

company.

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