trending Market Intelligence /marketintelligence/en/news-insights/trending/MJCb5i2bJFhiShEXln3Juw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Nidec disputes Whirlpool's breach of obligations claim in Embraco deal

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Nidec disputes Whirlpool's breach of obligations claim in Embraco deal

Nidec Corp. disputed Whirlpool Corp.'s claim that the Japanese electronic products manufacturer is in breach of its obligations under its agreement to acquire the Michigan-based company's Brazilian compressor division, Embraco - Empresa Brasileira de Compressores SA, according to a March 11 release.

The statement follows the household-appliance maker's decision to file a lawsuit March 8 that will pressure Nidec to obtain antitrust approvals for the $1.08 billion transaction in time for the deal's scheduled close April 24.

According to a March 11 filing with the SEC, Whirlpool believes the lawsuit, lodged in the U.S. District Court for the Southern District of New York, will expedite the process and allow the deal to close on schedule. The original agreement also permits the acquisition to close six months after the initial closing deadline.

Whirlpool added that it is still confident that Nidec's purchase of Embraco will close and that it will take all actions to complete the deal by April 24.

Meanwhile, Nidec said in a statement it believes that the allegations from Whirlpool were "without merit" and that "it is doing all things necessary, proper or advisable to obtain the required antitrust approvals" by the closing deadline.

The transaction, announced April 24, 2018, has gained authorization from antitrust regulators in the U.S., Brazil and China and is awaiting the same from regulators in Europe and other jurisdictions.

In November 2018, the EU began investigating the acquisition over concerns that the deal could significantly reduce competition in Europe's refrigeration compressors space. Nidec's acquisition of Embraco could potentially lead to higher prices and lower supply, the EU also said.