05:25 AM EST, 01/10/2025 (MT Newswires) -- (Updates with response from Fuji Soft in the last paragraph.)

KKR (KKR) said Thursday it has extended its second tender offer to take Japan's Fuji Soft private until Jan. 24.

The 9,451 Japanese yen ($59.78) per share offer for shares of the software company it does not already own was scheduled to expire Thursday.

KKR said the extension is meant to "allow the company's shareholders and share option holders to make a considered decision" on the proposal.

The company also continued to disparage rival Bain Capital's offer to buy about 31.4 million shares or 49.9% of the company as a "hostile partial tender offer with the aim of seizing control of the company."

"If Bain Capital, with no outstanding conditions precedent to fulfil, has not launched an unsolicited tender offer as it said it would, it is because Bain Capital either has no actual intention to launch an unsolicited tender offer or that it is unable to do so," the company said.

KKR added that Bain Capital and allied members of Fuji Soft's founding family reached out through an intermediary in late December to propose working together to take the company private.

Bain Capital said it had no comment on the matter for now. Fuji Soft referred MT Newswires to KKR's amended tender offer.