Fuji Soft board backs KKR's buyout offer, founder bats for Bain

Fuji Soft board backs KKR's buyout offer, founder bats for Bain

FILE PHOTO: The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. REUTERS/Kim Kyung-Hoon/File Photo

The board of Japan’s Fuji Soft has decided to stick with a 558.4 billion yen ($3.72 billion) buyout offer from KKR, the Nikkei newspaper said on Friday, despite having received a higher counter-offer from Bain.