The founding family of Japanese IT company Fuji Soft on Wednesday reiterated its support for a takeover bid by private equity firm Bain Capital that is opposed by Fuji Soft's board, it said in a statement jointly released with Bain.

Bain said it plans to launch a tender offer for Fuji Soft shares even without the backing of the Japanese firm’s board should a second-round bid from KKR fail

Bain Capital plans to offer to buy shares of Fuji Soft Inc. without support from the Japanese company’s board, setting the stage for a rare hostile bid in its battle with KKR & Co. for the software developer.

KKR extended on Thursday its tender offer period for Fuji Soft to Jan. 9 as it battles rival U.S. private equity firm Bain Capital for control of the Japanese software maker. Its offer price was unchanged,

Japan-based Fuji Soft Inc.’s ($JP:9749) founding family has backed U.S.-based Bain Capital’s hostile takeover bid, despite strong resistance from