Oasis Becomes Largest Shareholder in Nidec, Calls for Privatization

• Oasis Management Co. has increased its stake in Nidec Corp., becoming the largest shareholder.
• Nidec Corp. is the world's largest manufacturer of precision motors.
• Nidec has faced turmoil and fraud allegations since last year.
• Oasis Management Co. founder Seth Fischer supports Nidec considering going private.
• The move adds weight to Oasis's calls for changes at Nidec.