KKR Raises Offer for Fuji Soft to 1 Yen Above Bain’s Rival Bid
- KKR and Bain are vying to take over the Japanese software firm
- The weakening yen is revving up M&A activity in the country
This article is for subscribers only.
KKR & Co. raised its offer price for Fuji Soft Inc. above a rival bid by Bain Capital, winning the backing of the Japanese software developer’s board.
The private equity firm will pay 9,451 yen ($60.86) for each Fuji Soft share, an increase from the 8,800 yen it originally offered and 1 yen more than Bain’s proposal, according to an exchange filing on Friday.