💨 Abstract

Private equity firm KKR has secured over one-third of Japanese software developer Fuji Soft's shares in a two-stage buyout tender offer. KKR's stake is enough to block any competing offer from rival Bain Capital, who proposed a higher bid in October. The final share percentage secured by KKR is yet to be disclosed. Bain's bid is contingent on company management approval, which they have yet to receive.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖