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An announcement from Makino Milling Machine Co ( (JP:6135) ) is now available.
Makino Milling Machine Co., Ltd. has sent a formal request to Nidec Corporation regarding a proposed tender offer aimed at making Makino a wholly-owned subsidiary. Makino’s board, through a special committee, is seeking to adjust the terms of the offer, including postponing the commencement date, increasing the share purchase limits, and ensuring fair consideration of potential competing proposals. Despite Nidec’s initial rejection of these requests, Makino persists in its negotiations, emphasizing the importance of these terms for its stakeholders.
More about Makino Milling Machine Co
Makino Milling Machine Co., Ltd. operates within the manufacturing industry, specializing in milling machines. The company focuses on delivering advanced machining solutions and has a presence in the Prime Market of the Tokyo Stock Exchange.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.9B
See more insights into 6135 stock on TipRanks’ Stock Analysis page.
