Notice Concerning a Share Exchange Agreement to Make Nidec Servo Corporation a Wholly Owned Subsidiary of Nidec Corporation by ENP Newswire

Notice Concerning a Share Exchange Agreement to Make Nidec Servo Corporation a Wholly Owned Subsidiary of Nidec Corporation

By ENP Newswire

  • Publication Date: 2010-05-06
  • Genre: Business & Personal Finance

Book Synopsis

ENPNewswire-6 May 2010-Notice Concerning a Share Exchange Agreement to Make Nidec Servo Corporation a Wholly Owned Subsidiary of Nidec Corporation(C)2010 ENPublishing - http://www.enpublishing.co.uk Release date- 28042010 - Nidec Corporation ('Nidec') (NYSE:NJ) and Nidec Servo Corporation ('Nidec Servo') announced today that, at their respective board meetings held today, Nidec and Nidec Servo have decided to enter into a share exchange transaction (the 'Share Exchange') to make Nidec Servo a wholly owned subsidiary of Nidec, and that the two companies have signed a Share Exchange Agreement, as described below.

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