Makino Milling Asks Nidec to Delay Tender Offer, Seeks More Bids

MT Newswires Live

2025/04/04

Makino Milling Machine (TYO:6135) opposed Nidec Corp.'s (TYO:6594) 11,000 yen-per-share tender offer, urging shareholders to consider competing bids, according to a Thursday filing on the Tokyo Stock Exchange.

The machine tool maker said it received acquisition proposals from multiple third parties and had asked Nidec to delay its offer until May 9, but Nidec refused.

Makino also flagged pending regulatory approvals in China and the US, warning the bid could be delayed or withdrawn. It plans to submit a formal response later.

Price (JPY): $11330.00, Change: $-170, Percent Change: -1.48%

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It plans to submit a formal response later.</p><p>Price (JPY): $11330.00, Change: $-170, Percent Change: -1.48%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4161","symbol_name":"工业机械","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2524217410","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524217410","pubTimestamp":1743720270,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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