Makino Milling Machine Co ( (JP:6135) ) has shared an update.
Makino Milling Machine Co., Ltd. has announced its opposition to a tender offer from Nidec Corporation, aimed at taking the company private and delisting its shares. The decision is based on the need to consider third-party acquisition proposals, which could offer more favorable terms. Makino is actively engaging with independent third parties and plans to implement countermeasures against the tender offer, while also seeking shareholder input at its upcoming general meeting.
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 precision machinery solutions.
YTD Price Performance: 1.36%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.81B
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