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

U.S. buyout fund offers 9,450 yen a share for Yokohama-based informational tech firm

20241012 Bain logo file photo

Bain and KKR have been engaged in a rare showdown to take over Japanese software developer Fuji Soft. © Reuters

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 late this month if it can get Fuji Soft's backing.

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