Japan's MinebeaMitsumi Fails to Acquire Shibaura Electronics

Japan's MinebeaMitsumi Fails to Acquire Shibaura Electronics
Tokyo, Sept. 12 (Jiji Press)--Japanese bearing maker MinebeaMitsumi Inc. said Friday that its tender offer for sensor maker Shibaura Electronics Co. has failed. The tender offer, which was made at 6,200 yen per share, ended unsuccessful on Thursday because the number of shares tendered did not reach the minimum number set by MinebeaMitsumi. For Shibaura Electronics, meanwhile, Taiwanese e...