tiprankstipranks
Trending News
More News >

Nidec Withdraws Tender Offer for Makino Milling Machine

Story Highlights
Nidec Withdraws Tender Offer for Makino Milling Machine

Don’t Miss TipRanks’ Half-Year Sale

Nidec ( (JP:6594) ) just unveiled an announcement.

Nidec Corporation has decided to withdraw its tender offer for Makino Milling Machine Co., Ltd., a company listed on the Tokyo Stock Exchange. The decision was made due to potential economic unreasonableness and possible damage to Nidec if the tender offer proceeded, particularly in light of an allotment of share options without contribution. This withdrawal may impact Nidec’s strategic plans to make Makino Milling Machine a wholly owned subsidiary.

More about Nidec

Nidec Corporation is a Japanese company listed on the Tokyo Stock Exchange, primarily involved in the manufacturing and sale of electric motors and related components. The company focuses on providing innovative solutions in the motor industry, catering to a wide range of applications including automotive, industrial, and home appliances.

Average Trading Volume: 5,004,619

Technical Sentiment Signal: Sell

Current Market Cap: Yen3094.1B

For a thorough assessment of 6594 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1