Minebea Introduced the Countermeasures to Large-Scale Acquisitions of Minebea Shares

Resource from: CBCC Likes:2970

Jun 30,2008

Minebea Co., Ltd. (the "Company") determined at its board of directors meeting held on May 8, 2008 to introduce the Countermeasures to Large-Scale Acquisitions of Minebea Shares (Takeover Defense Measures) (the "Plan"), which would expire at the conclusion of the Company's 62nd ordinary general shareholders meeting (the "Shareholders Meeting") and be renewed upon approval by the shareholders at the Shareholders Meeting. The Company announces that the fifth proposal regarding "Renewal of Countermeasures to Large-Scale Acquisitions of Minebea Shares (Takeover Defense Measures)" was approved by shareholders at the Shareholders Meeting held today. As a result of this renewal approved by the shareholders at the Shareholders Meeting, the Plan remains in effect for a further three years until the conclusion of the Company's 65th ordinary general shareholders meeting that is expected to be held in June 2011. In response to the shareholders' decision, the Company will continue to use its best endeavors to protect and enhance the corporate value of the Company as well as the common interests of its shareholders.

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