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Makino Milling Machine Co. Receives Acquisition Proposal from MBK Partners Amidst Uncertainty

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Makino Milling Machine Co. Receives Acquisition Proposal from MBK Partners Amidst Uncertainty

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Makino Milling Machine Co ( (JP:6135) ) has issued an update.

Makino Milling Machine Co., Ltd. has been navigating a period of uncertainty following a tender offer from Nidec Corporation, which has led to instability among stakeholders. In response, the company has been working on finalizing proposals from white knight candidates to stabilize its operations. Recently, MBK Partners submitted the only legally binding acquisition proposal by the deadline set by Makino, and the company is now in negotiations to reach a final agreement to secure its corporate value and stakeholder interests.

The most recent analyst rating on (JP:6135) stock is a Buy with a Yen7700.00 price target. To see the full list of analyst forecasts on Makino Milling Machine Co stock, see the JP:6135 Stock Forecast page.

More about Makino Milling Machine Co

Makino Milling Machine Co., Ltd. operates in the manufacturing industry, focusing on producing milling machines. The company is listed on the Prime Market of the Tokyo Stock Exchange and aims to enhance its corporate value and shareholder interests.

Average Trading Volume: 232,344

Technical Sentiment Signal: Buy

Current Market Cap: Yen239.5B

See more insights into 6135 stock on TipRanks’ Stock Analysis page.

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