Bain Capital offers $4 billion for Fuji Soft, surpassing KKR's bid

Bain Capital has made a binding offer to acquire Fuji Soft for 9,450 yen per share, valuing the company at $4 billion. This offer is about 7% higher than KKR's bid of 8,800 yen per share. Bain plans to launch its offer by the end of October, pending Fuji Soft's support. KKR had previously advanced its tender offer schedule but has not changed its price. Fuji Soft's board has recommended that shareholders accept KKR's initial tender offer. The company's shares closed at 9,000 yen on Friday.