Minebea Co., Ltd. and MITSUMI ELECTRIC CO., LTD. agreed to proceed with a discussion and consideration of a business integration based on the spirit of equal partnership as announced in the “Notice Concerning Execution of Basic Agreement on Business Integration of Minebea Co., Ltd. and MITSUMI ELECTRIC CO., LTD." dated December 21, 2015, and have held in-depth discussions, as a result of which the two companies reached an agreement to consummate the Business Integration and to conduct a share exchange, and executed a business integration agreement and a share exchange agreement based on the resolutions adopted at their respective meetings of the board of directors held today.
Company Name: Minebea Co., Ltd.
Representative: Yoshihisa Kainuma
Representative Director,
President and Chief Executive Officer
(Code No. 6479, TSE Div. No. 1)
Contact: Takayuki Ishikawa
General Manager
Corporate Communications Office
Phone: +81-(0)3-6758-6703
Company Name: MITSUMI ELECTRIC CO., LTD.
Representative: Shigeru Moribe
President and Representative Director
(Code No. 6767, TSE Div. No. 1)
Contact: Kunihiro Noguchi
General Manager, Affairs Dept.
Phone: +81-(0)42-310-5333
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.
(Minebea)
