01:42 PM EDT, 09/04/2024 (MT Newswires) -- KKR (KKR) said Wednesday it will launch its tender offer Sept. 5 through Oct. 21 to acquire Japanese systems developer, Fuji Soft, at 8,800 yen ($61) a share.

The offer, backed by Fuji's board, will be financed mainly from KKR Asian Fund IV, the company said.

KKR advanced the launch of its buyout offer for Fuji in an attempt to preempt a rival bid by Bain Capital, Bloomberg reported Wednesday, citing people familiar with the matter.

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