Nidec ( (JP:6594) ) has provided an announcement.
Nidec Corporation has filed a petition for a provisional injunction against Makino Milling Machine Co., Ltd.’s decision to allot share options without contribution as a takeover defense measure. This move is part of Nidec’s strategy to acquire Makino Milling and make it a wholly owned subsidiary, reflecting its aggressive expansion efforts and potentially impacting shareholder dynamics and market positioning.
More about Nidec
Nidec Corporation is a Japanese company listed on the Tokyo Stock Exchange, operating in the manufacturing industry. It is known for producing electric motors and related components, serving various sectors including automotive, industrial, and consumer electronics.
YTD Price Performance: -16.15%
Average Trading Volume: 3,470
Technical Sentiment Signal: Strong Buy
Current Market Cap: $17.73B
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