TOKYO (Reuters) – Bain Capital plans to make a bid for Japanese software company Fuji Soft in early November instead of late October as originally planned, but is still waiting for company approval, the private equity firm said on Friday .
Bain is locked in a $4 billion takeover battle for the company with rival KKR, a deal that underlines Japan’s resurgence in global dealmaking, now a target for buyouts.
Bain said it had held question and answer sessions with Fuji Soft on Oct. 24 and 29 and would continue discussions to obtain the company’s positive opinion that it has set as a condition for launching its bid.
This week, Bain said in a statement that it would be willing to accept a partial offer and that it would be willing to work with other shareholders to increase corporate value in the company.
(Reporting by Anton Bridge; Editing by Jason Neely)
