Nidec's $7B Write-Down and Delisting Risk Open Door for KKR Take-Private
KKR is trading near its 52-week low of $82.67 (11% above the low).
Summary
Nidec, a $16 billion Japanese precision motor maker, is facing forced delisting after recognizing 1.1 trillion yen ($7 billion) in write-downs, including 480 billion yen tied to accounting irregularities. New CEO Michio Kaida said on October 1 that the firm still lacks PwC's signoff on delayed results, with an October 28 deadline to avoid delisting. Shares have plunged 27% this week. The crisis mirrors Toshiba's 2015 scandal and has drawn activist Oasis Management, which holds nearly 8%. The article explicitly names KKR as a potential take-private buyer, given its scale and restructuring expertise in Japan. For KKR, this represents a possible large deal in a market where foreign buyouts face strategic-asset hurdles, as seen with Toshiba. Watch for any formal bid or government stance on Nidec's strategic importance.
At the time of this announcement, KKR was trading at $91.58 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $81.9B. The 52-week trading range was $82.67 to $144.84. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.