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Activist investor Oasis Management urged Nidec's board to begin a preliminary review of privatization options, citing concerns over potential delisting due to audit issues. Oasis called on outside directors to solicit proposals from potential buyers to maximize corporate value and prepare for an unintended delisting.
Oasis Management is urging Nidec's outside directors to begin a preliminary review of privatization options. This call follows Nidec receiving a disclaimer of opinion from its auditor, raising concerns about potential delisting if an unqualified opinion cannot be secured.
Oasis Management, a long-term shareholder in Nidec Corporation, has urged the company to begin a preliminary review of privatization options, expressing disappointment with Nidec's current performance and governance.