TOKYO (Reuters) – Bain Capital plans to launch a young supply for Fuji Comfortable shares even with out approval from the goal firm’s board, the U.S. non-public fairness agency mentioned on Wednesday.
The announcement comes a day after the Japanese IT firm reaffirmed its help for the second stage of a takeover bid from rival KKR, refusing the next supply from Bain.
Bain mentioned it will solely launch its takeover bid with the approval of Fuji Comfortable’s board of administrators. But it surely now plans to “promptly launch our tender supply if (KKR’s) second spherical of tender supply fails or is withdrawn,” Bain mentioned in his presentation submitting.
Bain additionally mentioned he had “robust issues and suspicion” about Fuji Comfortable’s response to his proposal.
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