Edition:
United Kingdom

Nidec Corp (6594.T)

6594.T on Tokyo Stock Exchange

13,800JPY
14 Dec 2018
Change (% chg)

¥-280 (-1.99%)
Prev Close
¥14,080
Open
¥14,115
Day's High
¥14,115
Day's Low
¥13,715
Volume
823,500
Avg. Vol
904,034
52-wk High
¥18,525
52-wk Low
¥13,370

Latest Key Developments (Source: Significant Developments)

Nidec: Completes Acquisition Of 48 Percent Stake In Taiwan's Chaun-Choung Technology For NT$4.476 Billion
Friday, 30 Nov 2018 

Nov 30 (Reuters) - Japan's Nidec Corp <6594.T>::COMPLETES ACQUISITION OF 48 PERCENT STAKE IN TAIWAN'S CHAUN-CHOUNG TECHNOLOGY FOR NT$4.476 BILLION.  Full Article

European Commission Opens Investigation Into Nidec's Proposed Acquisition Of Whirlpool's Unit Embraco
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - European Commission ::EUROPEAN COMMISSION SAYS OPENS IN-DEPTH INVESTIGATION INTO NIDEC'S PROPOSED ACQUISITION OF WHIRLPOOL'S REFRIGERATION COMPRESSOR BUSINESS.EUROPEAN COMMISSION SAYS CONCERNED THAT NIDEC'S PROPOSED ACQUISITION OF EMBRACO MAY REDUCE COMPETITION IN THE SUPPLY OF REFRIGERATION COMPRESSORS.  Full Article

Nidec announces commencement of Tender Offer for shares of chaun-Choung Technology
Monday, 1 Oct 2018 

Oct 1(Reuters) - Nidec Corp <6594.T>:Says its board of directors has resolved to acquire 48 percent shares of common stock outstanding of Chaun-Choung Technology Corp <<<6230.TW>>> (CCI)in Taiwan by way of Tender Offer.Tender offer price at T$108 per share and tender offer period from Oct. 3 to Nov. 21.If 28,838,695 shares of CCI (which are equivalent to 33.4 percent of the shares outstanding) are to be sold, the company will execute the Tender Offer.The maximum number of shares is set to 41,444,831 shares (which are equivalent to 48.0 percent of the shares outstanding) to be acquired.  Full Article

Nidec to issue Euro-denominated senior unsecured bonds due 2021 worth 300 mln euros
Friday, 21 Sep 2018 

Sept 21(Reuters) - Nidec Corp <6594.T>:Says it will issue Euro-denominated senior unsecured bonds due 2021 worth 300 million euros, with a term of three years, and interest rate of 0.487 percent per annum.Payment date on Sept. 27.Proceeds to be used primarily for financing capital investments in Europe.  Full Article

Nidec sets up JV Nidec PSA emotors
Wednesday, 16 May 2018 

May 16 (Reuters) - Nidec Corp <6594.T>:Says it set up a JV Nidec PSA emotors with partner on May 16.Says it holds 50 percent stake in the JV.  Full Article

Nidec unit acquires 100 pct stake in Genmark Automation
Tuesday, 1 May 2018 

May 1(Reuters) - Nidec Corp <6594.T>:Says its unit NIDEC SANKYO CORPORATION completed acquisition of 100 percent stake in Genmark Automation, Inc., on May 1.Acquisition plan was announced on April 24.  Full Article

Nidec unit to acquire Genmark Automation via SPC
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Nidec Corp <6594.T>:Says unit NIDEC SANKYO CORPORATION will acquire 100 percent stake in Genmark Automation, Inc, via Genmark Sub Corporation, effective early May .  Full Article

Whirlpool Corporation Announces Sale Of Embraco Compressor Business And Modified Dutch Auction Tender Offer
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Whirlpool Corp ::WHIRLPOOL CORPORATION ANNOUNCES SALE OF EMBRACO COMPRESSOR BUSINESS AND A MODIFIED DUTCH AUCTION TENDER OFFER.WHIRLPOOL CORP <<>> SAYS COMPANY AGREES TO SELL EMBRACO BUSINESS FOR $1.08 BLN IN CASH.WHIRLPOOL CORP SAYS COMPANY EXPECTS TO EXECUTE SHARE REPURCHASES OF APPROXIMATELY $1 BILLION IN FORM OF A MODIFIED DUTCH AUCTION TENDER OFFER.WHIRLPOOL CORP <<>> - TRANSACTION IS EXPECTED TO CLOSE IN EARLY 2019, SUBJECT TO REGULATORY APPROVALS AND OTHER CUSTOMARY CLOSING CONDITIONS.WHIRLPOOL CORP - ENTERED INTO AN AGREEMENT TO SELL COMPANY'S EMBRACO COMPRESSOR BUSINESS TO NIDEC CORPORATION FOR A CASH PURCHASE PRICE OF $1.08 BLN.WHIRLPOOL - "MODIFIED DUTCH AUCTION" TENDER OFFER FOR UP TO $1 BILLION OF COMMON STOCK AT ANTICIPATED PRICE PER SHARE NOT LESS THAN $150 AND NOT GREATER THAN $170.  Full Article

Japan's Nidec Says To Buy Back Up To 1.01 Percent Of Own Shares Worth 50 Billion Yen
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Nidec Corp <6594.T>::JAPAN'S NIDEC SAYS TO BUY BACK UP TO 1.01 PERCENT OF OWN SHARES WORTH 50 BILLION YEN ($455.08 million).  Full Article

Nidec and Groupe PSA to sign joint venture agreement for automotive electric traction motor
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Nidec Corp <6594.T>:Says it and Groupe PSA, through Nidec Leroy-Somer Holding, intend to set up a joint venture, dedicated to the design, development, manufacture and sale of electric traction motors, during the period of March to April 2018 .Initial share capitals of the JV is 15 million euros .Nidec Leroy-Somer Holding will hold 50 percent stake in the JV after transaction .  Full Article

EU mergers and takeovers (Dec 14)

BRUSSELS, Dec 14 The following are mergers under review by the European Commission and a brief guide to the EU merger process: