Nov 11 (Reuters) - Bain Capital now expects to launch

its tender offer for Japan's Fuji Soft in mid-to-late

November as it continues to await company approval, the private

equity firm announced on Monday, amid a buyout competition with

rival giant KKR.

The private equity firms are engaged in a $4 billion

acquisition battle for the software company, a deal that

highlights Japan's revival as a target for global takeovers.

KKR, meanwhile, became the largest shareholder in Fuji Soft

last week, after completing the first part of its two-stage

buyout tender offer, even as Bain's proposal outbids it by about

7%.

Bain had first planned to launch its offer in mid-October

before delaying it as it continues discussions in order to

secure the affirmative opinion from the Japanese company that it

has set as a condition for the launch.