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 6, 2025 8:04 PM

TOKYO, Jan 7 (Reuters) - U.S. private equity fund KKR

said it has asked Fuji Soft to file for an

injuction in court to stop what it said was Bain Capital's

violation of a non-disclosure agreement (NDA) amid Bain and

KKR's acquisition battle for the software maker.

In a letter to Fuji Soft on Monday, KKR asked the Japanese

company to file an injunction to halt Bain Capital's "continued

breach of its non-disclosure agreement".

Bain on Tuesday said it has destroyed the confidential

information it had gathered as part of its due diligence process

but would continue with its tender offer.

Earlier in the day, Fuji Soft said it would consider the

appropriate response to KKR's injuction request.

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

offer bids worth as much as $2 billion.

The request by KKR ramps up the acrimony between two of the

biggest names in global private equity in their tug-of-war for

Fuji Soft.

It is rare for such a battle to unfold publicly in Japan - a

market where hostile bids have only become more common in recent

years and where most takeovers are still done on a friendly

basis.

New takeover guidelines introduced by the industry ministry

to spur corporate takeovers have begun to remove the long-held

stigma around unsolicited bids and encouraged lenders to finance

such proposals.

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, but Bain proceeded with its bid,

now hostile, saying there was no reason for its higher offer to

be rejected.

Bain has said Fuji Soft is disregarding 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.

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 >
US FCC chair wants to end government subsidies for school bus WiFi use
US FCC chair wants to end government subsidies for school bus WiFi use
Sep 3, 2025
(Reuters) -The chair of the Federal Communications Commission on Wednesday proposed ending subsidies for wireless use on school buses after they were initially created under a COVID-era program. FCC Chair Brendan Carr asked the commission to reverse policies adopted under then-President Joe Biden to allow subsidies for WiFi use on school buses and for wireless hotspots that could be checked...
US trade panel receives patent request to block liquid crystal display imports
US trade panel receives patent request to block liquid crystal display imports
Sep 3, 2025
WASHINGTON, Sept 3 (Reuters) - The U.S. International Trade Commission said on Wednesday it has received a trade complaint seeking to block imports of liquid crystal displays used in televisions and other devices that allegedly violate a U.S. company's patent. The complaint, filed by BH Innovations LLC, alleges violations by major television producers including China's TCL and Hisense, South Korea's...
What's Going On With Rocket Lab (RKLB) Stock Wednesday?
What's Going On With Rocket Lab (RKLB) Stock Wednesday?
Sep 3, 2025
Rocket Lab Corp ( RKLB ) stock is trading lower Wednesday, despite a lack of company-specific news for the session. The decline follows a multi-day surge that was fueled by a series of positive announcements from the company. What To Know: Last week, Rocket Lab ( RKLB ) successfully completed its 70th Electron mission, a notable achievement in its launch...
US trade panel receives patent request to block liquid crystal display imports
US trade panel receives patent request to block liquid crystal display imports
Sep 3, 2025
WASHINGTON (Reuters) -The U.S. International Trade Commission said on Wednesday it has received a trade complaint seeking to block imports of liquid crystal displays used in televisions and other devices that allegedly violate a U.S. company's patent. The complaint, filed by BH Innovations LLC, alleges violations by major television producers including China's TCL and Hisense, South Korea's LG Electronics and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved