KKR secures enough Fuji Soft shares to block Bain's privatisation bid: report

KKR secures enough Fuji Soft shares to block Bain's privatisation bid: report

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo

Private equity firm KKR has secured more than one-third of the shares in Japanese software developer Fuji Soft after the first part of its two-stage buyout tender offer, a person familiar with the matter said on Wednesday.