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Nidec ( (JP:6594) ) has issued an announcement.
Nidec Corporation has successfully completed the necessary procedures under the French Monetary and Financial Code to proceed with its tender offer bid for Makino Milling Machine Co., Ltd., aiming to make it a wholly owned subsidiary. This development marks a significant step in Nidec’s strategic expansion, potentially enhancing its market position and operational capabilities in the industrial manufacturing sector.
More about Nidec
Nidec Corporation operates in the industrial manufacturing sector, specializing in the production of electric motors and related components. The company is known for its focus on innovation and technological advancement, catering to a global market with a diverse range of applications in automotive, home appliances, and industrial systems.
YTD Price Performance: -7.18%
Average Trading Volume: 3,321
Technical Sentiment Signal: Strong Buy
Current Market Cap: $19.65B
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