04:48 AM EST, 12/20/2024 (MT Newswires) -- KKR (KKR) said late Thursday that Japan's Fuji Soft is opposed to Bain Capital's latest buyout proposal.

KKR has extended its bid to buy the shares of Fuji Soft it does not already own and take the company private until Jan. 9 but maintained its price offer of 9,451 Japanese yen ($60.25) per share, despite Bain Capital's 9,600 yen per share offer.

According to KKR, Fuji Soft regards the Bain offer as a "hostile partial tender offer with the aim of seizing control of the company."

KKR also said Fuji Soft has decided that the Bain offer "carries the risk of deadlock among major shareholders with respect to special resolutions of shareholders and would not contribute to the improvement of corporate value."

Fuji Soft and Bain Capital did not immediately reply to MT Newswires' requests for comment.