KKR receives support from Fuji Soft
Fuji Soft Shares Rise Sharply After KKR Raises Offer Price
Fuji Soft shares rose sharply after U.S. investment company KKR raised its tender offer price to fend off rival Bain Capital's bid. Shares were recently 4.6% higher at 9,528 yen, equivalent to $61.73, on Monday morning in Tokyo after rising as much as 5.1% earlier.
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(RTTNews) - KKR & Co. Inc. (KKR), Friday announced the decision to conduct a second tender offer at a price of 9,451 yen per share, after receiving support from Fuji Soft Inc. regarding the offer.
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A clash between KKR and Bain Capital over a $4bn buyout of Fuji Soft has entered a new phase of confrontation, creating what bankers and activist funds believe will become a template for corporate ...
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