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 (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 >
SingTel annual profit more than halves on $2.3 billion impairment charge
SingTel annual profit more than halves on $2.3 billion impairment charge
May 22, 2024
(Reuters) -Singapore Telecommunications posted a 64% drop in full-year net profit on Thursday hit by a S$3.1 billion ($2.30 billion) impairment charge, majority of which relates to its mobile network operation unit Optus. Australia's second-largest telecom company Optus has been marred by multiple setbacks, including a massive network-wide outage in the country, data breaches and steep declines in fixed carriage...
Tesla pushes suppliers to produce parts outside of China and Taiwan, Nikkei reports
Tesla pushes suppliers to produce parts outside of China and Taiwan, Nikkei reports
May 22, 2024
May 23 (Reuters) - Tesla has told suppliers for its models sold outside China to start building components and parts outside of both China and Taiwan by as early as next year, Nikkei reported on Thursday. Suppliers of components such as printed circuit boards, displays and electronics control unit systems have received the request, the newspaper reported, citing six supply...
Nvidia forecasts quarterly revenue above estimates, unveils stock split
Nvidia forecasts quarterly revenue above estimates, unveils stock split
May 22, 2024
By Arsheeya Bajwa and Stephen Nellis (Reuters) -Nvidia forecast second-quarter revenue above estimates on Wednesday and announced a ten-for-one forward stock split, impressing investors who have already tripled the chipmaker's market value in the past year on AI optimism. Nvidia shares hit a record in extended trade and were last up 2.7% at $978. The AI poster child's stock has risen...
Amazon, AI startup Hugging Face pair to use Amazon chips
Amazon, AI startup Hugging Face pair to use Amazon chips
May 22, 2024
May 22 (Reuters) - Amazon.com's ( AMZN ) cloud unit on Wednesday said it has partnered with artificial intelligence startup Hugging Face to make it easier to run thousands of AI models on Amazon's ( AMZN ) custom computing chips. Valued at $4.5 billion, Hugging Face has become a central hub for AI researchers and developers to share chatbots and...
Copyright 2023-2025 - www.financetom.com All Rights Reserved