By Anton Bridge
Tokyo (Reuters) -US, the investment capital company, KKR, will increase its supply price for the Japanese computer company Fuji soft by more than 4% to exceed it a rival Bain Capital offer, he said Tuesday.
This is the last salvo of an extension of the auction war that started in August from last year, KKR and Bath competing for the purchase of Fuji Soft in tender offers up to 2 billion dollars.
KKR increased its price to 9,850 yen ($ 63.44) per share, against 9,451 yen per share, exceeding it above the most recent bath of 9,600 yen ($ 61.82) per action.
KKR is currently holding a 33.97% stake in Fuji Soft after the first stage of a two -part offer in which two militant investors – 3D Investment Partners and Farallon Capital – agreed to offer their shares to KKR.
But KKR failed to guarantee a majority due to the higher bathing supply and because the course of Fuji Soft’s action has always exchanged above KKR’s offer.
KKR has repeatedly extended its tender period, the last due to the end of Friday.
Fuji Soft’s shares increased 1.79% to 9,975 yen in early afternoon, above two tender offers.
Bain, which is supported by the founding family of Fuji Soft, has not yet launched its tender offer, after saying that it would wait for KKR’s offer to fail or be removed.
Bath was not immediately available to comment on KKR’s superior offer. Fuji Soft refused to comment.
KKR initially offered 8,800 yen per share for Fuji Soft last August. Bain announced its candidacy, at 9,450 yen per share, the following month, which prompted KKR to bring its offer to 9,451 yen per share. It had maintained its price of tenders despite the fact that Bain increases its offer to 9,600 yen.
(1 $ = 155,2800 yen)
(Report by Anton Bridge, Additional report by Kantaro Komiya and Kane Wu; edition by Chang-Ran Kim and Kate Mayberry)
