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Nidec seen as frontrunner for Emerson's motor unit: sources

Japan's Nidec Corp (6594.T) has emerged as the frontrunner to buy Emerson Electric Co's (EMR.N) motors and drives unit in a deal estimated to be about $1 billion, according to two sources familiar with the matter.

Reuters earlier reported that private equity group Clayton Dubilier & Rice (CD&R), Wolong Electric (600580.SS) and another Chinese company were conducting...