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NSK and NTN signed a memorandum of understanding to combine their businesses under a joint holding company via a share transfer, aiming to strengthen competitiveness against European bearing makers.
“NSK and NTN said on 12 May that they had signed a memorandum of understanding to combine their businesses under a joint holding company created through a share transfer.”acquisitionsnews.com
Summarized from public sources; check the original articles before acting on it.