Update: Fuji Soft Expresses Support for KKR's Second Tender Offer-March 2024-www.financetom.com

Update: Fuji Soft Expresses Support for KKR's Second Tender Offer

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Update: Fuji Soft Expresses Support for KKR's Second Tender Offer

Dec 17, 2024 9:05 AM

11:43 AM EST, 12/17/2024 (MT Newswires) -- (Updates with Bain Capital Japan's response in the fourth paragraph.)

KKR's (KKR) second tender offer for Fuji Soft's common shares and share options received the Japanese IT company's support despite a new offer from Bain Capital, according to a Fuji Soft statement Tuesday that was translated from Japanese.

Bain Capital increased its offer price for Fuji Soft to 9,600 Japanese yen ($63) per share last week after KKR raised its tender offer price per share to 9,451 yen in November.

KKR, through FK, currently owns about a third of Fuji Soft after the completion of the first tender offer in early November.

Bain Capital Japan didn't comment on the matter but referred MT Newswires to its website for updates. KKR didn't immediately respond to a request for comment from MT Newswires.

Price: 151.87, Change: -4.26, Percent Change: -2.73

Previous page： Botox Innovator Revance Therapeutics Goes Private In Over $900M Deal Next page： Update: KE Holdings Shares Rise After Q2 Beat

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Botox Innovator Revance Therapeutics Goes Private In Over $900M Deal

Aug 12, 2024

Crown Laboratories, Inc., a privately held player in the skincare industry, agreed on Monday to acquire Revance Therapeutics, Inc. ( RVNC ) . Under the terms of the agreement, Crown will commence a tender offer to acquire all outstanding shares of Revance’s common stock for $6.66 per share in cash, representing a total enterprise value of $924 million. The purchase price represents a...

Update: KE Holdings Shares Rise After Q2 Beat

Aug 12, 2024

12:09 PM EDT, 08/12/2024 (MT Newswires) -- (Updates with the stock price movement in the headline and the first paragraph.) KE Holdings ( BEKE ) shares were up 6.4% in recent Monday trading after the company posted its Q2 results that topped market expectations. The company reported Q2 adjusted earnings of 2.28 Renminbi ($0.32) per diluted share, up from 1.96...

US government ends probes into Muddy Waters' Carson Block, sources say

Aug 12, 2024

NEW YORK (Reuters) - U.S. authorities have told Carson Block that they have ended their civil and criminal investigations into the short seller's activities without taking any action, according to two sources familiar with the matter. Block, whose Muddy Waters Research rose to fame by uncovering fraud at Chinese companies, received a search warrant and subpoenas in 2021 as part...

Tourmaline Oil Maintained at Outperform at National Bank as it Acquires Crew Energy; Price Target Raised to $72.50

Aug 12, 2024

12:12 PM EDT, 08/12/2024 (MT Newswires) -- National Bank Financial on Monday reiterated its outperform rating on the shares of Tourmaline Oil (TOU.TO) while raising its price target to C$72.50 from C$70.00 after the Western Canadian natural-gas focused producer agreed to acquire rival Crew Energy ( CWEGF ) for C$1.3 billion. TOU announced the $1.3 bln acquisition of Crew Energy...