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Jtekt Corp - Announces Results Of Tender Offier For Daibea Co
R&I affirms Jtekt's rating at "A" and says stable outlook-R&I
Jtekt offers takeover bid for shares of Daibea
JTEKT Corporation is a Japan-based company mainly engaged in the manufacture and sale of equipment parts and machine tools. The Company operates in two business segments. The Equipment Parts segment is engaged in the provision of steering products such as electric power steering systems and hydraulic power steering systems, driving products such as drive shafts, electronically controlled four-wheel drive (4WD) couplings and pressure reducing valves for fuel cell electric vehicles (FCV), bearing products such as ball bearings, roller bearings and bearing units. The Machine Tools segment is engaged in the provision of grinding equipment, cutting equipment, machining centers, control equipment and industrial heat treatment furnaces.
3-5-8, Minami-semba, Chuo-ku
President, Representative Director
Vice President, Representative Director
Senior Managing Director, Chief Director of Bearing Business
Managing Director, Chief Director of Machine Tool & Mechatronics Business
Managing Director, Chief Director of Drive Business
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Japanese auto components supplier Jtekt Corp <6473.T> said it was holding off on expanding production in Mexico, awaiting the outcome of talks over the North American Free Trade Agreement, known as NAFTA.
Japanese auto components supplier Jtekt Corp said it was holding off on expanding production in Mexico, awaiting the outcome of talks over the North American Free Trade Agreement, known as NAFTA.
* Says Jtekt Corp, which obtains 95.01 percent stake in co via ToB, launched another offer for the remaining shares of co, with acquisition price of 740 yen, on Jan. 26, 2018
* Says it acquired 50.4 percent stake in India-based firm Sona Koyo Steering Systems Ltd for 14.8 billion yen in total
* Says Jtekt Corp offered a takeover bid for 35.3 million shares (or no less than 17.6 million shares)
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