06:51 AM EDT, 09/04/2024 (MT Newswires) -- KKR (KKR) is advancing the start of its tender offer for Fuji Soft to Sept. 5 in an attempt to preempt a rival bid by Bain Capital, Bloomberg reported on Wednesday, citing people familiar with the matter.

KKR is planning a 600 billion Japanese yen ($4.14 billion) buyout of Fuji Soft and is seeking to speed up the deal before Bain formally submits a proposal for 5% more than KKR's offer of 8,800 yen a share, Bloomberg said.

KKR did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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