Japanese banks would not help a foreigner to take over Minebea. But mergers may happen. within Japan. By Eamonn Fingleton
Hostile takeovers are almost unknown in Japan. Even friendly ones are rare. Many of those takeovers which have been done are the work of Takami Takahashi. His Minebea ball bearing company has long been regarded in Tokyo as a maverick. It has shunned affiliations with the powerful zaibatsus. Takahashi has used his freedom from ties to pull off deals that, in the eyes of his Tokyo contemporaries, look distinctly unorthodox.
Takahashi’s personal style is, if anything, even more jarring to the Japanese.
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