U.S. private equity firm KKR has secured a 57.92% stake in Fuji Soft after the second stage of its tender offer bid, ending a fierce battle with rival Bain Capital to take the Japanese software developer private. Both KKR and Bain had upped their bids multiple times, with KKR ultimately prevailing with its offer from earlier in February of 9,850 yen per share. Bain had said on Monday that it would withdraw its takeover proposal.
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