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 >
Beneficient Reports Results for First Quarter Fiscal 2026
Beneficient Reports Results for First Quarter Fiscal 2026
Oct 21, 2025
DALLAS, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Beneficient (“Ben” or the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform, AltAccess, today reported its financial results for the fiscal 2026 first quarter, which ended June 30, 2025. Commenting on the fiscal 2026 first...
Digi Power X Announces Strategic Initiatives, Including Expansion of ARMS-200 Modules and Development of Retail Compute Platform
Digi Power X Announces Strategic Initiatives, Including Expansion of ARMS-200 Modules and Development of Retail Compute Platform
Oct 21, 2025
MIAMI, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. ( DGXX ) , a U.S. developer of Tier III-grade high-performance computing (“HPC”) infrastructure, announced today that it is expanding its AI data center capacity with the addition of five new ARMS-200 GPU modules, scheduled to come online at its Columbiana, Alabama facility in March 2026. Once deployed, the...
ZenaTech to Expand Drone as a Service (DaaS) for Public Works and Wildfire Management by Signing Offer to Acquire Southern California-Based Land Survey and Engineering Firm
ZenaTech to Expand Drone as a Service (DaaS) for Public Works and Wildfire Management by Signing Offer to Acquire Southern California-Based Land Survey and Engineering Firm
Oct 21, 2025
VANCOUVER, British Columbia, Oct. 21, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. ( ZENA ) (BMV: ZENA) (ZenaTech), a business technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces it has signed an offer to acquire a Southern California land survey engineering firm with a considerable list of...
Plus Therapeutics Updates on CNSide® Diagnostic Platform Launch
Plus Therapeutics Updates on CNSide® Diagnostic Platform Launch
Oct 21, 2025
Expands commercial readiness and diagnostic, manufacturing footprint Appoints new leadership in commercial strategy and technical operations HOUSTON, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Plus Therapeutics, Inc. ( PSTV ) (the “Company”), a clinical-stage pharmaceutical company developing targeted radiotherapeutics with advanced platform technologies for central nervous system (CNS) cancers, announces continued operational execution and commercial progress in the launch of its...
Copyright 2023-2026 - www.financetom.com All Rights Reserved