- Oasis Management called on Nidec Corp.'s board, especially independent directors, to hire financial advisers and solicit preliminary, non-binding proposals from strategic buyers and private equity firms.
- Nidec is an embattled Japanese manufacturer grappling with an accounting scandal that has put it at risk of delisting.
- Oasis is seeking a review of a potential take-private deal, rather than a decision to pursue one.
Quotes
“urged Nidec Corp. to evaluate privatization options”
“seeking a review of a potential take-private deal, rather than a decision to pursue one”