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Nidec Shares Hit Decade Low as Delisting Risk Mounts

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Transportation Nidec Shares Hit Decade Low as Delisting Risk Mounts Shares of scandal-hit Nidec Corp. fell 6.6% on Tuesday to their lowest level since July 2016 amid concerns about the risk of delisting. The Japanese motor maker has tumbled more than 34% since its recent peak on Sept. 18, with the selloff accelerating after it announced a massive impairment charge that would wipe out practically all the profit the company had made over the past decade.

Transportation Nidec Shares Hit Decade Low as Delisting Risk Mounts Shares of scandal-hit Nidec Corp. fell 6.6% on Tuesday to their lowest level since July 2016 amid concerns about the risk of delisting. The Japanese motor maker has tumbled more than 34% since its recent peak on Sept. 18, with the selloff accelerating after it announced a massive impairment charge that would wipe out practically all the profit the company had made over the past decade.
Nidec (ORG) Nidec Corp. (ORG) Japanese (ORG)
Originally published by Bloomberg Markets Read original →