Japan’s Minebea Mitsumi raises offer for Shibaura to counter Taiwan bid

YOSHIKA KAKU

TOKYO — Japanese ball bearings maker Minebea Mitsumi announced on Thursday that it will raise its tender offer price for Shibaura Electronics to 6,200 yen ($42) per share, matching the bid from Taiwan’s Yageo, which is pursuing an unsolicited takeover of the temperature sensor maker.