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Investing.com -- KKR, the global investment firm, has announced the acquisition of a majority stake in Fujisoft, a Japanese information technology company.
The purchase was made through a tender offer at ¥9,850 per share, which ran until February 19. The results, announced on February 20, reveal that KKR now owns 57.9% of Fujisoft shares.
The next steps involve the annual general meeting (AGM) of shareholders on March 14, and an extraordinary shareholders’ meeting, slated for late April.
The founder's family, who hold a significant 17% share in Fujisoft, could play a decisive role in the company's future. They had previously supported an offer from Bain, another investment firm, which has since been withdrawn.
If KKR secures the support of the founder's family, Fujisoft could potentially delist following a squeeze-out. A squeeze-out is a strategy often used by majority shareholders to compel minority shareholders to sell their shares.
In this case, if the founder's family agrees to sell their shares to KKR, it could lead to delisting, as KKR would then hold an overwhelming majority of Fujisoft's shares.
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