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Nidec ( (JP:6594) ) has provided an update.
Nidec Corporation has announced a partial correction to its previous press release regarding its tender offer to acquire Makino Milling Machine Co., Ltd. The correction follows opposition from Makino’s board, who have requested more time to consider third-party proposals and suggested changes to the tender offer terms. Despite these differences, Nidec plans to proceed with the tender offer, emphasizing its commitment to the acquisition and potential market implications.
More about Nidec
Nidec Corporation is a leading company in the electric motor industry, known for its production of small precision motors, automotive motors, and other motor-related products. The company focuses on expanding its market presence and enhancing its technological capabilities through strategic acquisitions and partnerships.
YTD Price Performance: -21.69%
Average Trading Volume: 3,203
Technical Sentiment Signal: Strong Buy
Current Market Cap: $15.48B
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