Hitachi weighing sale of metal unit to Bain Capital-led group
Hitachi will negotiate with the group, which also involves investment fund Japan Industrial Partners Inc., in a potential deal that could be worth several hundred billion yen.
Hitachi Metals Ltd., Japan's biggest maker of magnets containing rare earths, will pay $1.3 billion for Wisconsin-based Waupaca Foundry Inc., gaining four foundries in the company's home state and two others elsewhere in the U.S. The purchase will be financed with cash and debt, according ...
A dozen Chinese rare-earth firms plan to jointly sue Hitachi Metals, claiming it is holding invalid patents and exercising patent rights in an illegitimate manner.
