KYOTO, Japan, Feb. 4, 2011 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) ("Nidec") today announced that its Board of Directors determined at a meeting held today that a portion of Nidec's management over its subsidiaries and a portion of the subsidiary management by Nidec Techno Motor Holdings Corporation (a wholly owned subsidiary of Nidec, "NTMC") will be transferred to Nidec Motor Holdings Corporation (a wholly owned subsidiary of Nidec, "NMHJ") through absorption-type corporate split transactions ( kyushu bunkatsu).
Nidec To Reorganize Group Companies Through Corporate Split Transactions Between Nidec And A Subsidiary And Between Subsidiaries
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