Makino Milling Machine Co ( (JP:6135) ) has shared an update.
Makino Milling Machine Co., Ltd. has received initial letters of intent from multiple third parties interested in acquiring the company to make it a wholly-owned subsidiary. This development follows a proposal from Nidec Corporation for a similar acquisition. The company is evaluating these proposals to ensure they enhance corporate value and benefit shareholders, and has requested Nidec to delay its tender offer to allow for thorough consideration of all options.
More about Makino Milling Machine Co
Makino Milling Machine Co., Ltd. operates in the manufacturing industry, focusing on producing advanced milling machines and machining centers. The company is listed on the Prime Market of the Tokyo Stock Exchange and is recognized for its precision machinery solutions, serving various sectors including automotive, aerospace, and electronics.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.91B
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