Makino Milling Machine (TYO:6135) has received initial letters of intent from multiple third parties aiming to acquire the company and make it a wholly-owned subsidiary, according to a bourse filing on March 10.
This follows Nidec Corp.'s tender offer proposal received on Dec. 27, 2024.
In line with the Ministry of Economy, Trade and Industry's guidelines, the company is conducting a thorough examination of both Nidec's proposal and the third-party proposals, aiming to secure the best outcome for shareholders.
To ensure sufficient time for this process, Makino has requested Nidec to postpone its tender offer commencement to at least May 9.
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