| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
KKR & Co. Inc. (NYSE:KKR) inked a Memorandum of Understanding (MoU) with Japanese IT company Fuji Soft’s (TSE: 9749) founding family on March 24, 2025, to facilitate the company’s privatization.
As per the deal, the parties agreed to collaborate on executing a share consolidation, ensuring FK Co., Ltd. and NFC Corporation become the sole shareholders of Fuji Soft in a process known as the “Squeeze-out.” FK Co., Ltd. is an entity owned by investment funds managed by KKR.
They will also support and vote in favor of key privatization proposals, including the Squeeze-out, at the Extraordinary General Meeting of Shareholders on April 25, 2025.
Read: KKR To Support Fuji Soft Privatization Bid: Report
Additionally, the agreement includes the transfer of Fuji Soft shares held by NFC back to Fuji Soft following the completion of the Squeeze-out in a process referred to as the “Share Repurchase.”
Following the First and Second Tender Offers for Fuji Soft’s common shares and share options, FK will secure full ownership through the Squeeze-out and Share Repurchase.
The Share Repurchase is expected to take place after early June 2025, once the Squeeze-out is completed.
In February, Bain Capital withdrew its tender offer for Fuji Soft after KKR raised its bid in an extended bidding war.
Also, KKR had secured a 58% stake in Fuji Soft in February, making it the company’s largest shareholder.
Investors can gain exposure to the stock via FM Focus Equity ETF (NYSE:FMCX) and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO).
Price Action: KKR shares are up 0.17% at $122.18 premarket at the last check Tuesday.
Read Next:
Photo via Shutterstock.
