KKR raises bid price for Japan's Hitachi Kokusai for the second time

U.S. buyout fund KKR & Co LP has raised its offer price for Japan’s Hitachi Kokusai Electric Inc to 3,132 yen a share from 2,900 yen, its second increase, according to a statement issued by Hitachi Kokusai on Friday.

KKR also extended the deadline for the tender offer – originally Friday – to Dec. 8.

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