An update from Makino Milling Machine Co ( (JP:6135) ) is now available.
Makino Milling Machine Co., Ltd. announced that Nidec Corporation has filed a petition for a provisional injunction against Makino’s recent resolution to allot First Class A Share Options without contribution. This legal action by Nidec, which holds a negligible ownership in Makino, could potentially impact the company’s strategic decisions and shareholder relations, as it challenges the board’s recent resolution aimed at securing time for takeover responses.
More about Makino Milling Machine Co
Makino Milling Machine Co., Ltd. operates in the manufacturing industry, focusing on producing milling machines and related equipment. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its innovative solutions in machining technology.
YTD Price Performance: 1.36%
Technical Sentiment Signal: Sell
Current Market Cap: $1.94B
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