An update from Nidec ( (JP:6594) ) is now available.
Nidec Corporation has announced a correction to its previous notice regarding the commencement of a tender offer for Makino Milling Machine Co., Ltd. The correction clarifies that while most regulatory procedures have been completed, the Chinese competition law procedure is still pending. Despite this, Nidec expects the acquisition to proceed smoothly, as the transaction poses minimal competitive concerns in China. The company aims to acquire all of Makino’s stock and is prepared to continue acquiring shares until it achieves a two-thirds majority if necessary.
More about Nidec
YTD Price Performance: -19.44%
Average Trading Volume: 3,445
Technical Sentiment Signal: Strong Buy
Current Market Cap: $17.6B
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