\nKKR, a leading global investment firm, announced today that in connection with the Second Tender Offer in its two-stage tender offer scheme (the \u201cTender Offer\u201d) for the common shares and share options of FUJI SOFT INCORPORATED (\u201cFUJI SOFT\u201d or the \u201cCompany\u201d; TSE stock code 9749) through FK Co., Ltd. (the \u201cOfferor\u201d or \u201cFK Co.\u201d), an entity owned by investment funds managed by KKR, the Offeror has submitted an amendment statement to the Tender Offer Registration Statement that was submitted on November 20, 2024 (including the matters amended in the amendment statements to the Tender Offer Registration Statement submitted on December 19, 2024, January 9, 2025 and January 24, 2025) (the \u201cAmendment Statement\u201d).<\/p>\n
The Offeror has decided to increase the tender offer price for the Second Tender Offer to 9,850 yen per share <\/b>from 9,451 yen per share, and 1,277,000 yen per 5th<\/sup> Series Share Option, 1,139,600 yen per 6th<\/sup> Series Share Option, 333,100 yen per 7th<\/sup> Series Share Option. The tender offer period has also been extended by seven business days to February 19, 2025.<\/b><\/p>\n Rationale for Increased Tender Offer Price<\/span><\/b><\/p>\n \nThe increased tender offer price considers FUJI SOFT\u2019s elevated share price, which has stayed above the previous Second Tender Offer price of 9,451 yen per share and the announced tender offer price of 9,600 yen per share by Bain Capital, which has yet to commence its tender offer. It also considers the fact that FUJI SOFT\u2019s share price has not declined as expected despite there being no competing tender offer for an extended period. Given that any further prolonged uncertainty around FUJI SOFT\u2019s privatization will hurt the Company and its stakeholders, including employees and customers, KKR has decided to raise the Second Tender Offer price to minimize the uncertainty and accelerate FUJI SOFT\u2019s privatization, and turn its focus to value creation efforts alongside the Company.<\/p>\n \nThe increased Second Tender Offer Price of 9,850 yen represents a premium of:<\/p>\n \nThe Offeror believes these premiums are satisfactory for shareholders and share option holders. Given the increased price, the Offeror believes that the prospects of the Second Tender Offer succeeding have increased sufficiently such that it does not need to launch a new tender offer after the Second Tender Offer.<\/p>\n The Offeror plans to continue to offer the opportunity for financial compensation to within the range of the previously announced make-whole amount (651 yen per share) to the shareholders and share option holders who tendered into the First Tender Offer (\u201cFormer Shareholders\u201d), and while details regarding the timeframe and method continue to be under consideration, the Offeror plans to notify all Former Shareholders eligible for this compensation as soon as the details are finalized. <\/b>Additionally, the Offeror plans to begin contacting Former Shareholders<\/b> eligible for this compensation within a month after the Second Tender Offer is successfully completed. At the same time, the Offeror will post contact information for inquiries regarding this compensation on the KKR website (https:\/\/www.kkr.com\/jp\/ja<\/a>), and any Former Shareholders<\/b> eligible for this compensation should use this contact information for inquiries if they have not heard from the Offeror.<\/p>\n \nFor details on the Amendment Statement, please refer to the release issued by the Offeror today titled \u201c(Amendment) Notice Regarding Amendment to \u201cNotice Regarding the Commencement of Tender Offer for the Shares of FUJI SOFT INCORPORATED (Securities Code: 9749) by FK Co., Ltd.\u201d Following Submission of Amendment Statement to the Tender Offer Registration Statement by FK Co., Ltd.\u201d (the \u201cAmendment Release\u201d).<\/p>\n \n***<\/p>\n \nThis press release should be read in conjunction with the Amendment Release.<\/p>\n \nThe purpose of this press release is to publicly announce an extension to the tender offer period for the Second Tender Offer and it has not been prepared for the purpose of soliciting an offer to sell or purchase in the Tender Offer. When making an application to tender, please be sure to read the relevant Tender Offer Explanatory Statement for the Tender Offer and make your own decision as a shareholder or share option holder. This press release does not constitute, either in whole or in part, a solicitation of an offer to sell or purchase any securities, and the existence of this press release (or any part thereof) or its distribution shall not be construed as a basis for any agreement regarding the Tender Offer, nor shall it be relied upon in concluding an agreement regarding the Tender Offer.<\/p>\n \nThe Tender Offer will be conducted in compliance with the procedures and information disclosure standards set forth in Japanese law, and those procedures and standards are not always the same as the procedures and information disclosure standards in the U.S. In particular, neither sections 13(e) or 14(d) of the U.S. Securities Exchange Act of 1934 (as amended; the same shall apply hereinafter) or the rules under these sections apply to the Tender Offer; and therefore the Tender Offer will not be conducted in accordance with those procedures and standards.<\/p>\n \nUnless otherwise specified, all procedures relating to the Tender Offer are to be conducted entirely in Japanese. All or a part of the documentation relating to the Tender Offer will be prepared in English; however, if there is any discrepancy between the English-language documents and the Japanese-language documents, the Japanese-language documents shall prevail.<\/p>\n \nThis press release includes statements that fall under \u201cforward-looking statements\u201d as defined in section 27A of the U.S. Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934. Due to known or unknown risks, uncertainties or other factors, actual results may differ materially from the predictions indicated by the statements that are implicitly or explicitly forward-looking statements. Neither the Offeror nor any of its affiliates guarantee that the predictions indicated by the statements that are implicitly or expressly forward-looking statements will materialize. The forward-looking statements in this press release were prepared based on information held by the Offeror as of today, and the Offeror and its affiliates shall not be obliged to amend or revise such statements to reflect future events or circumstances, except as required by laws and regulations.<\/p>\n \nThe Offeror, its financial advisors and the Tender Offer agent (and their respective affiliates) may purchase the common shares and share options of FUJI SOFT, by means other than the Tender Offer, or conduct an act aimed at such purchases, for their own account or for their client\u2019s accounts, in the scope of their ordinary business and to the extent permitted under financial instrument exchange-related laws and regulations, and any other applicable laws and regulations in Japan, in accordance with the requirements of Rule 14e-5(b) of the U.S. Securities Exchange Act of 1934. Such purchases may be conducted at the market price through market transactions or at a price determined by negotiations off-market. In the event that information regarding such purchases is disclosed in Japan, such information will also be disclosed on the English website of the person conducting such purchases (or by any other method of public disclosure).<\/p>\n About KKR<\/b><\/p>\n \nKKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR\u2019s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR\u2019s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR\u2019s website at www.kkr.com<\/a>. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group\u2019s website at www.globalatlantic.com<\/a>.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250204314392\/en\/<\/a><\/span><\/p>\n \nFor more information, please contact:<\/p>\n Media Contact KEYWORDS:<\/b> Japan Asia Pacific<\/p>\n INDUSTRY KEYWORDS:<\/b> Banking Asset Management Professional Services Finance<\/p>\n\n
<\/p>\n
\n<\/b>
KKR Asia Pacific
\n
Wei Jun Ong
\n
+65 6922 5813
\n
WeiJun.Ong@kkr.com<\/a><\/p>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20250204314392\/en\/2372105\/3\/KKR_LOGO_FEB_4.jpg\"){kind=logo}
<\/td>\n<\/tr>\n