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flag NEC Corp declined multiple buyout offers for a 51% stake in Apple supplier JAE, instead selling at a reduced rate, potentially exposing both companies to shareholder allegations.

flag Japan's NEC Corp received multiple buyout offers from global private equity funds for Japan Aviation Electronics Industry, an iPhone supplier, before selling back a majority stake at a discount. flag Three or more global funds made offers to both NEC and its listed subsidiary, indicating their willingness to pay a premium to own the electronics components manufacturer. flag The information has not been previously reported. flag This could lead to criticism against NEC and JAE claiming they may not have acted in the best interest of shareholders. flag The Tokyo Stock Exchange and regulatory bodies are pushing Japan Inc. for improved governance and stronger shareholder returns.

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