The Japan Times
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
May 9, 2025 at 12:13pmBuffer