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Kkr nyse Kkr to Assist in Billion Privatization of Fuji Soft Nikkei Reports

KKR (NYSE: KKR) to Assist in $4 Billion Privatization of Fuji Soft: Nikkei Reports

TOKYO – U.S. private equity firm KKR & Co (NYSE: KKR) plans to help Japanese system developer Fuji Soft go private under a management buyout worth about 600 billion yen ($4.09 billion), the Nikkei Business Daily reported on Wednesday.

Fuji Soft is planning the buyout to improve its capital efficiency amid ongoing conflicts with its major shareholders, including Singapore-based 3D Investment Partners, the Nikkei said.

In a late Wednesday statement, Fuji Soft said a special committee consisting of its external board directors is considering value-maximizing options, including the privatization plan.

The board will meet on Thursday to discuss privatization and the company will soon disclose if any decision is made, Fuji Soft said.

($1 = 146.6200 yen)

(Source: ReutersReuters)

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Kevin Putnam
Kevin Putnam is a financial journalist and editor based in New York. He specializes in editing news and analysis related to U.S. stock market.