Following MBK Partners’ withdrawal, domestic fund NSSK also ended its consideration of an acquisition proposal. The government issued MBK a recommendation to suspend the transaction under the Foreign Exchange and Foreign Trade Act, bringing the takeover speculation under control.
After MBK Partners withdrew its acquisition proposal for Nidec, NSSK emerged as a potential white knight as an alternative, but ultimately announced that it would end its consideration. While some parties involved viewed MBK’s proposal as advantageous from the standpoint of business continuity, there were reportedly many opinions opposing the acquisition. The government also took steps to prevent the proposal from going through, including issuing MBK a recommendation to suspend it under the Foreign Exchange and Foreign Trade Act.
At the end of 2024, the company faced an unsolicited acquisition proposal from Nidec, but NSSK had previously abandoned the process partway through due diligence, citing insufficient funding. As a result, doubts reportedly remained about this acquisition proposal as well. NSSK had been reassessed as a potential white knight, but funding issues led to its withdrawal.
The article is currently available only to paid subscribers, so the details are unclear. Some observers believe that the events to date and the chain of withdrawals could affect developments going forward. The situation is expected to remain one of waiting for further reports.