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NTN Corp. (Japan; TSE: 6472) and SNR Roulements (France, a subsidiary of automaker Renault S.A., France, itself 15.7% state-owned) have reopened negotiations involving their respective bearing businesses.
The two companies had been involved in serious negotiations, reportedly focused on a possible buyout of SNR by NTN. The first round of talks stalled and broke off in September 2005.
While both were taking a public step back from formal negotiations, they told representatives from both companies continued work on the problematic issues. Rumors gained momentum again in January 2006, when NTN reportedly reached the point of beginning serious due diligence and studying long-term financial and operating possibilities for SNR's assets.
At the time, Renault issued a statement denying negotiations were ongoing, that there were no NTN employees in Annecy, and that SNR continued to explore strategic alternatives.
Negotiations have once again reached the stage where they are being formally acknowledged, and Renault felt it necessary to produce a prepared statement to that effect.
Renault's statement was notably short:
Renault and NTN have decided to resume their talks regarding a partnership in the bearings business.
Talks will be aiming at exploring the possibility for NTN, one of the leading global manufacturers of bearings, to use SNR Roulement, Renault
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| XW16-1/2 bearing | 419.1 | 520.7 | 92.07 |
| XW16 bearing | 406.4 | 508 | 88.9 |