KKR deploys '2-step' counter to Bain in Fuji Soft takeover bid

With 30% of shares likely secure, new plan aims to acquire remaining at the same price

KKR and Bain Capital go toe-to-toe to acquire Japanese systems developer Fuji Soft. (Source photos by screenshot from Fuji Soft's website and Yukinori Okamura)

SHIKO UEDA, Nikkei staff writer

September 19, 2024 18:44 JST

TOKYO -- U.S. private equity firm KKR decided to change its takeover bid (TOB) method for Fuji Soft to a so-called "two-step" process, Nikkei has learned on Thursday.

With the completion of a tender offer from major shareholders, KKR already has the prospect of acquiring more than 30% of the outstanding shares. KKR aims to acquire as many shares as possible by creating additional TOB opportunities under the same condition.