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NTN CORPORATION extends winning streak to 9 days, reaching new year-high as NSK and NTN agree on business integration
NTN CORPORATION <6472> surged, extending its rally to a ninth straight session and hitting a year-to-date high for the second consecutive day. Following the market close on May 12, NTN announced a basic agreement with NSK Ltd. <6471> to merge via a joint share transfer, bolstering investor sentiment. The exchange ratio will be finalized within six months, with the new holding company slated for listing in October 2027. The integration aims to strengthen global competitiveness and build a resilient business base in the bearings and precision machinery sectors.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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