Minebea rejected Trafalgar’s tender offer “talk.”

Takami Takahashi, president of the Japanese ball-bearing manufacturing company, said the “whole exercise looks suspiciously like an effort to boost our stock price artificially and sell at a profit.” Los Angeles-based Trafalgar Holdings and its British partner, Glen International, however, said their intent to acquire Minebea remains unchanged. “We anticipate a long battle and are fully prepared with both the capital and patience to ultimately prevail,” Trafalgar Chairman Charles W. Knapp said.