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Announcement of a Basic Agreement between Minebea Co., Ltd. and Panasonic Corporation Regarding the Transfer of Information Equipment Motor Business.

Publication: Business Wire
Publication Date: 02-NOV-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
OSAKA, Japan -- Minebea Co., Ltd. ("Minebea") and Panasonic Corporation ("Panasonic") hereby announce that both companies have reached an agreement in principle today regarding the April 2010 targeted transfer of the Information Equipment Motor Business of Panasonic to Minebea Motor Manufacturing Corporation ("Minebea Motor"), a joint venture company established by Minebea and Panasonic. The equity contributions to...

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