Nidec to Acquire Shares in Sanyo Seimitsu Co., Ltd.

KYOTO, Japan, Dec. 9, 2010 (GLOBE NEWSWIRE) — Nidec Corporation (NYSE:NJ) (“Nidec”) today announced that it has agreed with Sanyo Electric Co., Ltd. (“Sanyo Electric”) to purchase from Sanyo Electric all of the outstanding shares in Sanyo Seimitsu Co., Ltd. (“Sanyo Seimitsu”) (the “Transaction”), and that it has entered into a share purchase agreement with [...] http://bit.ly/iiOjY5