Oasis urges Nidec to seek a buyout and warns of delisting risk
The Japanese electric motor maker has been mired in turmoil after probes uncovered widespread fraud in its accounting and quality control.
Oasis Management, a significant shareholder in Japanese electric motor manufacturer Nidec, is urging the company to explore a potential buyout as investor confidence dwindles following a prolonged accounting scandal. The activist investor's call for Nidec's board to seek out strategic buyers and private equity firms suggests that the risk of the company being delisted from the stock exchange may be growing.
This comes as the troubled manufacturer has been plagued by a string of accounting and quality control issues in its operations across Italy, Switzerland, China, and its car inverter business.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
