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Oasis Urges Nidec to Explore Privatization on Delisting Risk

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Oasis Urges Nidec to Explore Privatization on Delisting Risk Oasis Management Co. is stepping up pressure on Nidec Corp., urging the embattled Japanese manufacturer to explore privatization options to protect shareholder interests. The fund urged Nidec’s board — specifically its outside directors — to independently retain financial advisers and begin soliciting preliminary, non-binding buyout proposals from strategic buyers and global private equity firms, Oasis said in a statement. Oasis...

Oasis Urges Nidec to Explore Privatization on Delisting Risk Oasis Management Co. is stepping up pressure on Nidec Corp., urging the embattled Japanese manufacturer to explore privatization options to protect shareholder interests. The fund urged Nidec’s board — specifically its outside directors — to independently retain financial advisers and begin soliciting preliminary, non-binding buyout proposals from strategic buyers and global private equity firms, Oasis said in a statement. Oasis also said it’s calling for a review to assess the feasibility and terms of a potential privatization, rather than a decision to proceed with a transaction.
Nidec Corp. (ORG) Japanese (ORG) Nidec (ORG) Oasis (ORG)
Originally published by Bloomberg Markets Read original →