FX.co ★ KKR To Commence Second Tender Offer At 9,451 Yen/Share

KKR & Co. Inc. (KKR) announced on Friday its decision to initiate a second tender offer at a revised price of 9,451 yen per share, following Fuji Soft Inc.'s support for the bid. This move follows KKR's successful completion of its initial tender offer, through which it acquired approximately 21.4 million shares and share options equivalent to 718,600 common shares, thereby establishing itself as the largest shareholder of Fuji Soft.

In a strategic move to facilitate Fuji Soft's transition to a private entity, KKR has elevated its tender offer price to 9,451 yen per share. The board has also decided to reject Bain Capital's proposal, as stated by the company.

Currently, KKR's stock is quoted at $149.65, reflecting a decline of 0.58 percent on the New York Stock Exchange.