Trafalgar-Glen Ltd. lost a round against Minebea.

A Japanese court rejected a suit filed against Minebea by Trafalgar, a U.S. and British investment firm, to block a proposed merger between Minebea and its affiliate, Kanemori Co. Trafalgar had claimed that the merger with Kanemori, a clothing sales concern, was aimed at thwarting Trafalgar’s bid for Minebea. A Minebea official, who spoke on condition of anonymity, said the court ruled that the planned merger April 1 was justified by legitimate business reasons. Trafalgar has claimed that the purchase of Kanemori was meant to dilute the value of Trafalgar-Glen holdings of Minebea stock and reduce the value of the stock. It has said it has acquired 30% of Minebea’s 342.2 million shares and stock warrants.