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Fujifilm Holdings Corporation Unsponsored ADR reiterates support for the second stage of KKR's tender offer.
Gelonghui, December 17 | On Tuesday, the Japanese IT company Fujifilm Holdings Corporation Unsponsored ADR issued a statement reaffirming support for USA private equity firm KKR's second-phase tender offer and rejected the higher offer proposed by Bain Capital. After the completion of the first phase of the two-part tender offer, KKR currently holds about 34% of Fujifilm Holdings Corporation Unsponsored ADR. Last month, KKR raised its offer price for Fujifilm Holdings Corporation Unsponsored ADR to 9,451 yen per share, which was 1 yen higher than Bain's previous offer, but last week, Bain increased its offer price again to 9,600 yen per share. Fujifilm Holdings Corporation Unsponsored ADR stated that since KKR holds more than one-third of the company's shares,
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