financetom
Technology
financetom
/
Technology
/
KKR asks Fuji Soft to file injunction against Bain's 'breach of NDA'
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
KKR asks Fuji Soft to file injunction against Bain's 'breach of NDA'
Jan 5, 2025 7:05 PM

TOKYO, Jan 6 (Reuters) - U.S. private equity fund KKR

said on Monday it sent a letter to Fuji Soft

asking it to make a court filing to stop what it said was Bain

Capital's violation of a non-disclosure agreement amid Bain and

KKR's acquisition battle for the software maker.

In the letter, KKR asked Fuji Soft to file an injunction to

halt Bain Capital's "continued breach of its non-disclosure

agreement".

KKR and Bain are trying to buy Fuji Soft in competing tender

offer bids worth as much as $2 billion.

Fuji Soft's board has come out in support of KKR's lower bid

and demanded that Bain destroy the confidential information it

compiled during due diligence.

Bain has said this disregarded the interests of shareholders

and that it wanted to continue using the information to launch

its tender offer. Fuji Soft's founding family has said it

supports Bain's bid.

Fuji Soft and Bain did not immediately reply to Reuters'

requests for a comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Beyond The Numbers: 5 Analysts Discuss SoundHound AI Stock
Beyond The Numbers: 5 Analysts Discuss SoundHound AI Stock
Feb 28, 2025
In the last three months, 5 analysts have published ratings on SoundHound AI ( SOUN ) , offering a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3...
What Analysts Are Saying About Vertex Stock
What Analysts Are Saying About Vertex Stock
Feb 28, 2025
In the latest quarter, 8 analysts provided ratings for Vertex , showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...
Donald Trump-Linked Firm May be Looking to Start NFT and Metaverse Platform
Donald Trump-Linked Firm May be Looking to Start NFT and Metaverse Platform
Feb 28, 2025
DTTM Operations, a company that manages U.S. President Donald Trump's IP rights, filed a trademark with the U.S. Patent and Trademark Office (USPTO) which might hint at potential non-fungible tokens (NFTs) and metaverse platform. The document lists various products related to blockchain-based goods and services, including accessing NFTs, managing cryptocurrency transactions, virtual reality software and hardware and game software featuring...
Demystifying GitLab: Insights From 22 Analyst Reviews
Demystifying GitLab: Insights From 22 Analyst Reviews
Feb 28, 2025
During the last three months, 22 analysts shared their evaluations of GitLab ( GTLB ) , revealing diverse outlooks from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5...
Copyright 2023-2026 - www.financetom.com All Rights Reserved