Fuji Soft sticks with KKR, rejects Bain's raised buyout offer

Fuji Soft sticks with KKR, rejects Bain's raised buyout offer

FILE PHOTO: The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. REUTERS/Kim Kyung-Hoon/File Photo

Japanese IT firm Fuji Soft has reaffirmed its support for the second stage of a tender offer buyout from US private equity firm KKR and came out against a higher offer from rival Bain Capital, it said in a statement on Tuesday.