Makino Milling Machine Co ( (JP:6135) ) has shared an announcement.
Makino Milling Machine Co., Ltd. has received a proposal from Nidec Corporation to become a wholly-owned subsidiary through a tender offer. The company has been in ongoing discussions with Nidec, sending multiple letters of inquiry to assess the proposal’s impact on corporate value and shareholder interests. Makino has requested Nidec to delay the tender offer commencement and increase the share purchase threshold, but Nidec has yet to provide a definitive response. The outcome of these negotiations could significantly affect Makino’s operational control and market positioning.
More about Makino Milling Machine Co
Makino Milling Machine Co., Ltd. operates in the manufacturing industry, focusing on milling machines and related equipment. The company is listed on the Prime Market of the Tokyo Stock Exchange and is recognized for its precision machining solutions.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.92B
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