TOKYO -- Japanese precision parts supplier MinebeaMitsumi is raising its buyout offer for Shibaura Electronics in an attempt to outbid Taiwan's Yageo, escalating the battle for the leading producer of a key component in electric vehicles and industrial robots.
Business deals
Japanese parts maker cites 'national interest' against Yageo
MinebeaMitsumi raises offer for Shibaura as takeover battle intensifies
MinebeaMitsumi Chairman and CEO Yoshihisa Kainuma, left, and Shibaura Electronics President Akira Kasai speaks to media at a news conference in Tokyo on May 1. (Photo by Yutaka Miyaguchi)
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