TOKYO — U.S. private equity firm KKR has decided to change its takeover bid (TOB) method for Fuji Soft to a so-called “two-step” process, the Nikkei learned Thursday.
With the completion of the tender offer of the major shareholders, KKR has the prospect of acquiring more than 30% of the already outstanding shares. KKR aims to acquire as many shares as possible, creating additional TOB opportunities under the same circumstances.