Asia Tech Wire (Nov 1) -- Bain Capital said Friday it plans to make a tender offer for Japanese systems developer Fuji Soft early this month, but is still waiting for corporate approval.
The U.S. private equity firm said it had held question-and-answer sessions with Fuji Soft on Oct. 24 and 29, and would continue discussions to get a positive opinion from it.
In addition to Bain Capital, U.S. private equity giant KKR is also trying to buy Fuji Soft.
Last week Reuters reported that Fuji Soft's major shareholders, 3D Investment Partners and Farallon Capital, which hold 23.46% and 9.22% of Fuji Soft shares respectively, have confirmed their support for KKR's acquisition.
KKR made an offer of 8,800 yen per share in August, while Bain Capital made an offer of 9,450 yen per share in October.