The Japan TimesMay 9, 2025
Nidec is withdrawing a $1.8 billion unsolicited tender offer for machine tool maker Makino Milling Machine, bowing to strong resistance from its target. https://www.japantimes.co.jp/business/2025/05/09/companies/nidec-withdrawal-makino/?utm_medium=Social&utm_source=mastodon #business #companies #nidec #makinomillingmachine #acquisitions #manufacturing
Nidec withdraws its $1.8 billion hostile takeover bid for Makino Milling Machine

Makino had previously threatened to block the takeover by granting stock acquisition rights to existing shareholders.

The Japan Times
The Japan TimesDec 27, 2024
Japanese manufacturing giant Nidec plans to launch a ¥257 billion ($1.6 billion) bid for Makino Milling Machine, a surprise unsolicited takeover offer in a country better known for agreed upon deals. https://www.japantimes.co.jp/business/2024/12/27/companies/nidec-makino-takeover-bid/?utm_medium=Social&utm_source=mastodon #business #companies #nidec #shigenobunagamori #makinomillingmachine #acquisitions #investments
Japan's Nidec takes aim at Makino Milling with $1.6 billion unsolicited bid

Nidec said Makino's board had not agreed to the ¥11,000 per share offer, a 42% premium to Thursday's closing share price, as it had not proposed the bid before announcing it.

The Japan Times