TOKYO — Japanese precision parts supplier MinebeaMitsumi will raise its buyout offer for Shibaura Electronics in an attempt to outbid Taiwan’s Yageo, escalating the battle for the leading producer of a key component in electric vehicles and industrial robots.
The new offer, up from the previous 4,500 yen (around $30) per share, will surpass Yageo’s latest bid of 5,400 yen, made in April.
