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Makino Milling Machine Co ( (JP:6135) ) has issued an update.
Makino Milling Machine Co., Ltd. announced the withdrawal of a tender offer by Nidec Corporation, which had initially aimed to acquire shares of Makino. In response to this withdrawal, Makino has decided to discontinue its previously planned countermeasures, including the allotment of share options without contribution. This decision reflects a strategic shift following Nidec’s withdrawal, impacting Makino’s immediate operational strategies and potentially affecting its market positioning.
More about Makino Milling Machine Co
Makino Milling Machine Co., Ltd. operates in the manufacturing industry, specializing in milling machines and related equipment. The company focuses on providing advanced machining solutions to various sectors, including automotive, aerospace, and industrial machinery.
Average Trading Volume: 213,799
Technical Sentiment Signal: Buy
Current Market Cap: Yen269.2B
For an in-depth examination of 6135 stock, go to TipRanks’ Stock Analysis page.