FX.co ★ KKR Extends Second Tender Offer For Fuji Soft

KKR & Co. Inc. has announced an extension for its Second Tender Offer at 9,451 Yen per share for Fuji Soft Inc.'s common stock, moving the deadline from January 24 to February 7. This forms part of a two-stage tender offer strategy for the common shares and share options of the Japanese system software firm through FK Co., Ltd., a KKR-managed investment entity.

The extension arises as Bain Capital, a private investment firm based in Boston, enters into competition with KKR to acquire Fuji Soft, with Bain intending to launch an unsolicited tender offer in late January or early February.

KKR stated that the additional days in the extension are intended to provide shareholders with sufficient time to evaluate their offer, especially if an alternative tender offer does not materialize.

Currently, KKR's stock is valued at $165.59 in pre-market trading, reflecting a 0.21 percent increase on the New York Stock Exchange.