US investor prods Japan Aviation and NEC to cancel buyback

US investor prods Japan Aviation and NEC to cancel buyback

FILE PHOTO: A logo of NEC Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo

Chicago-based investor Curi RMB Capital said on Thursday that NEC and its listed unit Japan Aviation Electronics (JAE) should cancel their buyback deal and reconsider alternative buyout offers they have received.