Stock Market News

Bain makes binding offer for Fuji Soft, 7% higher than rival KKR

2024.10.12 00:35

TOKYO (Reuters) – U.S. buyout fund Bain Capital made a binding offer to buy Fuji Soft for 9,450 yen a share in a deal that values the Japanese software developer at $4 billion and outbids rival KKR by about 7%.

Bain said in a statement on Friday it planned to launch the offer towards the end of October provided it can get Fuji Soft’s backing.

Bain and KKR have been engaged in a rare showdown to take over Fuji Soft, which has been at odds with some of its major shareholders.

KKR last month brought forward the start of its tender offer by about a week at the unchanged price of 8,800 yen, and said it would conduct the tender offer in two stages.

Fuji Soft has since said its board had decided to recommend shareholders to tender shares to KKR’s first tender offer.

© Reuters. FILE PHOTO: The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. REUTERS/Kim Kyung-Hoon/File Photo

Shares in Fuji Soft closed at 9,000 yen on Friday.

($1 = 149.1200 yen)



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,280.33 3.74%
ethereum
Ethereum (ETH) $ 3,482.23 1.67%
tether
Tether (USDT) $ 0.999441 0.04%
xrp
XRP (XRP) $ 2.28 0.51%
bnb
BNB (BNB) $ 707.34 2.89%
solana
Solana (SOL) $ 196.42 1.76%
dogecoin
Dogecoin (DOGE) $ 0.330918 1.90%
usd-coin
USDC (USDC) $ 0.999946 0.09%
staked-ether
Lido Staked Ether (STETH) $ 3,478.89 1.85%
cardano
Cardano (ADA) $ 0.913427 0.36%
tron
TRON (TRX) $ 0.256724 1.17%
avalanche-2
Avalanche (AVAX) $ 40.85 3.08%
chainlink
Chainlink (LINK) $ 24.57 0.98%
the-open-network
Toncoin (TON) $ 5.98 4.87%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,127.59 1.93%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 2.15%
sui
Sui (SUI) $ 4.50 1.74%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,983.25 3.70%
hedera-hashgraph
Hedera (HBAR) $ 0.311835 0.11%
stellar
Stellar (XLM) $ 0.384039 1.81%
polkadot
Polkadot (DOT) $ 7.45 0.86%
weth
WETH (WETH) $ 3,477.29 1.49%
hyperliquid
Hyperliquid (HYPE) $ 27.70 2.29%
bitcoin-cash
Bitcoin Cash (BCH) $ 465.48 0.31%
leo-token
LEO Token (LEO) $ 9.55 1.22%
uniswap
Uniswap (UNI) $ 13.95 0.67%
litecoin
Litecoin (LTC) $ 109.02 1.03%
bitget-token
Bitget Token (BGB) $ 5.68 16.32%
pepe
Pepe (PEPE) $ 0.000019 0.95%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,670.92 1.46%
near
NEAR Protocol (NEAR) $ 5.52 0.12%
ethena-usde
Ethena USDe (USDE) $ 0.998968 0.05%
aave
Aave (AAVE) $ 372.56 0.97%
internet-computer
Internet Computer (ICP) $ 11.39 4.45%
usds
USDS (USDS) $ 0.99924 0.18%
aptos
Aptos (APT) $ 9.62 0.71%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.518233 1.47%
crypto-com-chain
Cronos (CRO) $ 0.158846 2.50%
vechain
VeChain (VET) $ 0.05235 3.59%
mantle
Mantle (MNT) $ 1.25 2.79%
ethereum-classic
Ethereum Classic (ETC) $ 27.61 0.52%
render-token
Render (RENDER) $ 7.59 2.04%
bittensor
Bittensor (TAO) $ 514.29 3.20%
mantra-dao
MANTRA (OM) $ 3.79 0.87%
monero
Monero (XMR) $ 195.63 3.69%
whitebit
WhiteBIT Coin (WBT) $ 24.89 1.64%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.36 0.16%
dai
Dai (DAI) $ 0.99993 0.10%
arbitrum
Arbitrum (ARB) $ 0.803308 0.99%
filecoin
Filecoin (FIL) $ 5.37 1.64%