Fuji Soft opposes Bain's sweetened takeover offer

U.S. firm has countered KKR bid backed by Japanese company's board

Bain's revised offer is higher than the offer from KKR, whose bid has the approval of Fuji Soft's board. (Photo by Shihoko Nakaoka)

KAORU TAKATSUKI, Nikkei staff writer

December 18, 2024 01:23 JST

TOKYO -- Japanese systems developer Fuji Soft has rejected U.S. investor Bain Capital's new, higher takeover offer, in the latest twist in a closely watched bidding war between two private equity groups.

At a meeting on Tuesday, Fuji Soft's board resolved to oppose the counterbid Bain made on Dec. 11, which raised the purchase price per share to 9,600 yen -- about $62 -- from 9,450 yen.