TOKYO -- U.S. investment fund KKR raised the price of its tender offer to 9,451 yen ($61) per share for Japanese systems developer Fuji Soft, exceeding its rival Bain Capital's bid of 9,450 yen and helping Fuji Soft's board of directors decide to accept its offer at a meeting on Friday.
KKR, which announced the increase of 1 yen over Bain's bid on Friday, plans to start the bid next week. Fuji Soft's board of directors unanimously expressed a supportive opinion for KKR's offer, recommending that shareholders tender their shares.
