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Technology Stocks : NIDEC Corporation (NJ)

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From: JakeStraw	11/29/2006 8:09:50 AM
	of 19

Nidec to Launch Offer for Brilliant Mfg biz.yahoo.com Wednesday November 29, 6:56 am ET Japan's Nidec to Launch Tender Offer for Singapore Disk Drive Parts Maker Brilliant Mfg NEW YORK (AP) -- Nidec Corp., a Japanese maker of motors for disk drives and home electronics, said Wednesday its board will launch a tender offer for Singapore-based disk drive parts maker Brilliant Manufacturing. Nidec said its bid for Brilliant's 466.1 million common shares is supported by the Singapore company's board and founding family, Brilliant's largest shareholder, which is due to tender 247.2 million shares or 53 percent of the company's stock. Financial terms weren't disclosed. Nidec said the acquisition of Brilliant, which makes base plates and top covers for hard disk drives, will eliminate a traditional supply bottleneck and further integrate the company's hard disk drive motor production. Nidec also said Brilliant's manufacturing presence in Singapore, Indonesia, Thailand and China, will boost the company's overall supply capacity by complementing its existing production network in these regions.

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