Fuji Soft's Largest Shareholders Back KKR in $4 Billion Takeover Battle

KKR extends tender offer period amid Bain Capital's higher counterbid for the Japanese software firm.

KKR has extended its tender offer period for Fuji Soft by 10 working days, now set to expire on November 5.
Fuji Soft's top shareholders, 3D Investment Partners and Farallon Capital, holding 32.7% combined, have committed to KKR's offer.
Bain Capital has made a rival bid of 9,450 yen per share, surpassing KKR's offer of 8,800 yen per share.
Fuji Soft's board supports KKR's initial tender but suggests shareholders consider Bain's proposal.
Company founder Hiroshi Nozawa opposes the KKR deal, advocating for Bain's higher offer and questioning the need for privatisation.