TOKYO, Aug 8 (Reuters) - U.S. private equity firm KKR &
Co ( KKR ) will launch a tender offer for Japan's Fuji Soft
, the companies said on Thursday, in a 558.4 billion yen
($3.8 billion) deal to take the software developer private.
KKR will offer 8,800 yen for shares in Fuji Soft, the
companies said in separate statements. Fuji Soft would be
delisted if the tender offer is successful, it said.
Fuji Soft's shares closed at just above the offer price
at 8,890 yen on Thursday, after the shares surged following a
report by the Nikkei business daily about the buyout.
The deal comes as Fuji Soft's management has been at
odds with some of its major shareholders, including
Singapore-based fund 3D Investment Partners.
In March 3D, Fuji Soft's top shareholder with a stake of
some 21%, proposed that the company appoint an outside auditor
to ensure it fairly review multiple takeover proposals it had
received from global private equity firms.
($1 = 145.7900 yen)