TOKYO, Nov 8 (Reuters) - Software developer Fuji Soft (9749.T) is planning to announce a tender offer on Wednesday for four listed subsidiaries in Japan, Bloomberg News reported, citing people familiar with the matter.
Trading was halted in Tokyo for the subsidiaries Vinx (3784.T), Cyber Com (3852.T), Cybernet Systems (4312.T) and Fuji Soft Service Bureau (6188.T).
Fuji Soft holds a more than 50% stake in the companies, according to LSEG data.
Fuji Soft was the subject of a proxy battle last year, when Singapore-based investment hedge fund 3D Investment Partners got two of its nominees on the Japanese company's board.
Reporting by Rocky Swift; Editing by Tom Hogue and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons:
Rocky Swift, Tom Hogue, Jamie Freed
Organizations:
Software, Fuji, Bloomberg News, Cybernet Systems, Fuji Soft Service Bureau, Investment Partners, Thomson
Locations:
TOKYO, Japan, Tokyo, Singapore