Latest news with #ShibauraElectronics
Nikkei Asia
3 days ago
- Business
- Nikkei Asia
Taiwan's Yageo set to clear regulatory hurdle in bid for Japan's Shibaura
TOKYO -- Taiwanese electronic parts supplier Yageo's bid to take over Japanese peer Shibaura Electronics is expected to win a key regulatory approval from Japan's government, experts say. Yageo on Monday refiled for approval of the purchase under the Foreign Exchange and Foreign Trade Act. This follows the withdrawal of the filing in March at the request of the Ministry of Economy, Trade and Industry.
Nikkei Asia
01-05-2025
- Automotive
- Nikkei Asia
Japanese parts maker cites 'national interest' against Yageo
TOKYO -- Japanese precision parts supplier MinebeaMitsumi is raising its buyout offer for Shibaura Electronics in an attempt to outbid Taiwan's Yageo, escalating the battle for the leading producer of a key component in electric vehicles and industrial robots. MinebeaMitsumi said on Thursday that it is lifting its offer to 5,500 yen ($38) per share from 4,500 yen, surpassing Yageo's latest bid of 5,400 yen.
01-05-2025
- Business
MinebeaMitsumi Raises Tender Offer for Shibaura Electronics
News from Japan Economy Technology May 1, 2025 20:34 (JST) Tokyo, May 1 (Jiji Press)--Japanese bearing maker MinebeaMitsumi Inc. said Thursday that it will raise its tender offer for domestic sensor maker Shibaura Electronics Co. to 5,500 yen per share from 4,500 yen. The price is higher than the 5,400 yen offered by Taiwanese electronics parts maker Yageo Corp., which made an unsolicited offer for Shibaura Electronics. MinebeaMitsumi is scheduled to buy Shibaura Electronics shares from Friday to June 2. It now plans to spend up to 82.6 billion yen on the offer, sharply up from initially planned some 67.6 billion yen. "We don't intend to do (price competition) endlessly," MinebeaMitsumi Chairman and CEO Yoshihisa Kainuma told a news conference in Tokyo. On Thursday, Shibaura Electronics expressed its support for the tender offer from MinebeaMitsumi and recommended that shareholders apply for it. [Copyright The Jiji Press, Ltd.] Jiji Press
Nikkei Asia
01-05-2025
- Automotive
- Nikkei Asia
Japanese parts maker ups bid for sensor producer to counter Yageo offer
TOKYO -- Japanese precision parts supplier MinebeaMitsumi will raise its buyout offer for Shibaura Electronics in an attempt to outbid Taiwan's Yageo, escalating the battle for the leading producer of a key component in electric vehicles and industrial robots. The new offer, up from the previous 4,500 yen (around $30) per share, will surpass Yageo's latest bid of 5,400 yen, made in April.
