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An update from Makino Milling Machine Co ( (JP:6135) ) is now available.
Makino Milling Machine Co., Ltd. has announced that its Special Committee has sent a second request to Nidec Corporation to postpone the commencement of a proposed tender offer. This move aims to maximize corporate value and protect shareholder interests, as the initial response from Nidec did not align with previous discussions, causing confusion in negotiations. The request emphasizes on delaying the tender offer to May 9, 2025, allowing shareholders ample time to evaluate the proposal post the company’s fiscal year-end results. Moreover, the company seeks to ensure that the tender offer covers a majority of voting rights to maintain stakeholder confidence.
More about Makino Milling Machine Co
Makino Milling Machine Co., Ltd. operates in the manufacturing industry and is listed on the Prime Market of the Tokyo Stock Exchange. The company specializes in the production of milling machines and associated technologies, serving a global market with a focus on precision engineering and manufacturing solutions.
YTD Price Performance: 53.33%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.81B
Find detailed analytics on 6135 stock on TipRanks’ Stock Analysis page.
