07:05 AM EDT, 10/15/2024 (MT Newswires) -- (Updates with Fuji Soft's response in the fourth and fifth paragraphs.)

Bain Capital said Friday it increased its binding offer by 650 yen to acquire Fuji Soft for 9,450 Japanese yen ($63) per share, higher than KKR's (KKR) offer of roughly 6,800 to 7,200 yen a share.

The management consulting firm intends to launch the offer late this month, Bain added.

"KKR has a demonstrated track record of collaborating with management teams and employees and unlocking growth for Japanese companies, which contributed to the reasons the board of Fuji Soft has twice recommended and supported our offer," a KKR spokesperson told Reuters and referred the statement to MT Newswires in an email.

Fuji Soft said Tuesday that Bain made a tender offer to acquire Fuji for 9,450 yen a share.

Fuji's board and the special committee will hold talks about the offer and further announcements will be made in due course, the company added.

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