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 >
Exclusive-Arm recently sought to acquire Alphawave for AI chip tech, sources say
Exclusive-Arm recently sought to acquire Alphawave for AI chip tech, sources say
Apr 1, 2025
NEW YORK/SAN FRANCISCO/LONDON (Reuters) - SoftBank-owned chip tech provider Arm Holdings recently sought to acquire Alphawave, a UK-based supplier of semiconductor intellectual property, to secure a crucial technology that is crucial for building its own artificial-intelligence processors, according to three sources familiar with the matter. Alphawave, which has a market value of 707.1 million pounds ($913.36 million), has been working...
Report: NHL reaches 12-year, $7.7B Canadian TV deal with Rogers
Report: NHL reaches 12-year, $7.7B Canadian TV deal with Rogers
Mar 31, 2025
The NHL has reached a 12-year, $7.7 billion deal with Rogers Communications to broadcast games on Canadian television, Sportico reported Monday. The deal is pending owner approval. Should the owners vote to approve the new deal for Rogers' broadcast rights at the recommendation of NHL executives, an official announcement could land this week. The agreement would be a contract extension...
Nvidia, Moderna, Lucid, Dominari Holdings, Tesla: Why These 5 Stocks Are On Investors' Radars Today (CORRECTED)
Nvidia, Moderna, Lucid, Dominari Holdings, Tesla: Why These 5 Stocks Are On Investors' Radars Today (CORRECTED)
Mar 31, 2025
Editor’s Note: This story has been updated to correct an error where “Nasdaq 100” was mistakenly used instead of “Nasdaq.” The stock market faced a challenging day as risk sentiment remained under pressure on Wall Street. The S&P 500 experienced a volatile session, hitting its lowest point in over six months before recovering some losses. The S&P ended the day 0.5% higher...
KKR partner says fund is analysing FiberCop-Open Fiber tie-up
KKR partner says fund is analysing FiberCop-Open Fiber tie-up
Apr 1, 2025
MILAN, April 1 (Reuters) - U.S. fund KKR, the main shareholder in Italian fibre optic grid operator FiberCop, is analysing a possible tie-up with Italy's Open Fiber as part of a broader government plan to create a single broadband network, KKR Partner Alberto Signori said at conference in Milan on Tuesday. WHY IT'S IMPORTANT Under the terms of Telecom Italia's...
Copyright 2023-2026 - www.financetom.com All Rights Reserved