Makino Milling Machine Co ( (JP:6135) ) has issued an announcement.
Makino Milling Machine Co., Ltd. has received a statement from the Japanese Association of Metal, Machinery, and Manufacturing Workers (JAM) opposing a tender offer by Nidec Corporation to acquire Makino as a wholly-owned subsidiary. JAM and the Makino Labor Union express concerns over the lack of clear vision in Nidec’s acquisition strategy and potential negative impacts on labor relations and industry stability. Makino’s board is evaluating the proposal alongside other third-party offers, aiming to protect shareholder interests and maintain communication with employees.
More about Makino Milling Machine Co
Makino Milling Machine Co., Ltd. operates in the machine tool industry, providing advanced milling machines and related services. The company is listed on the Prime Market of the Tokyo Stock Exchange and focuses on enhancing manufacturing capabilities through its products.
Technical Sentiment Signal: Sell
Current Market Cap: $1.89B
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