Makino Milling Machine Co ( (JP:6135) ) has provided an announcement.
Makino Milling Machine Co., Ltd. has announced the implementation of basic policies and response strategies concerning a tender offer proposal from Nidec Corporation, which aims to make Makino a wholly-owned subsidiary. The company’s board has introduced these policies to ensure shareholders have adequate time to consider third-party proposals, potentially more favorable than Nidec’s offer, before making a decision. The response policies will be terminated if Nidec commences the tender offer or if a superior third-party proposal is received. Additionally, a Shareholders’ Intent Confirmation Meeting will be held if Nidec does not adhere to the established procedures, allowing shareholders to express their stance on the tender offer.
More about Makino Milling Machine Co
Makino Milling Machine Co., Ltd. operates in the manufacturing industry, primarily 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 advanced machining technology solutions.
Technical Sentiment Signal: Sell
Current Market Cap: $1.9B
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