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An announcement from Makino Milling Machine Co ( (JP:6135) ) is now available.
MM Holdings K.K. has provided an update on its planned tender offer to acquire all outstanding common shares of Makino Milling Machine Co., Ltd., excluding treasury shares, subject to regulatory clearances in multiple jurisdictions. The bidder has now secured competition clearance in China and investment regulation clearance in the United States, adding to earlier approvals in the U.S. (competition), Germany, Italy and France, and is working to obtain the remaining investment regulation clearance in Japan, a key step before the full takeover can proceed and potentially change Makino’s ownership structure and strategic direction.
The most recent analyst rating on (JP:6135) stock is a Hold with a Yen11592.00 price target. To see the full list of analyst forecasts on Makino Milling Machine Co stock, see the JP:6135 Stock Forecast page.
More about Makino Milling Machine Co
Makino Milling Machine Co., Ltd. is a Japan-based manufacturer in the machine tool industry, listed on the Prime Market of the Tokyo Stock Exchange under securities code 6135. The company specializes in milling machines and related precision machining equipment, serving industrial and manufacturing customers globally through a network that exposes it to multiple competition and investment regulatory regimes.
Average Trading Volume: 147,984
Technical Sentiment Signal: Buy
Current Market Cap: Yen268.5B
See more insights into 6135 stock on TipRanks’ Stock Analysis page.