Japan's Nidec takes aim at Makino Milling

Japan's Nidec takes aim at Makino Milling with $1.6 billion unsolicited bid
By Kantaro Komiya and Rocky Swift TOKYO (Reuters) -Japanese manufacturing giant Nidec said on Friday it planned to launch a 257 billion yen ($1.6 billion) bid for Makino Milling Machine, a surprise unsolicited takeover offer in a country better known for agreed deals.
Nidec announces 257 billion yen unsolicited bid for Makino Milling
JAPANESE manufacturing giant Nidec said on Friday (Dec 27) it planned to launch a tender offer for Makino Milling Machine at a 42 per cent premium to Thursday’s closing share price, with or without the target company’s approval.
Japan's Nidec seeks takeover of machine tool maker Makino
KYOTO -- Japanese motor manufacturer Nidek is set to make a takeover bid for Makino Milling Machine, a major machine tool manufacturer, without the consent of Makino's management, Nikkei has learned. Makino's market capitalization stood at 190 billion yen after its stock price closed at 7,750 yen on Thursday.
Japan's Nidec targets Makino Milling in $1.6bln unsolicited bid
Nidec plans to clear the regulatory processes by early April and launch the tender offer on April 4, even without Makino's consent, it said
Japan’s Nidec Makes $1.6 Billion Unsolicited Bid for Makino
Nidec Corp. is offering ¥257.3 billion ($1.6 billion) to take over machine tool builder Makino Milling Machine Co., initiating a rare unsolicited takeover of a Japanese company.
Japan's Nidec to offer takeover bid for machine tool maker Makino
KYOTO -- Japanese motor manufacturer Nidec is set to make a takeover bid for Makino Milling Machine, a major machine tool manufacturer, without the consent of Makino's management, Nikkei has learned.
Nidec Announces Scheduled Commencement of Tender Offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135)
Nidec Corporation (the "Tender Offeror") hereby announces that (i) at the meeting of the Board of Directors held on December ...
Nidec (OTCMKTS:NJDCY) Hits New 12-Month Low – What’s Next?
Nidec Co. (OTCMKTS:NJDCY – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $4.14 and last traded at $4.28, with a volume of 387157 shares ...
Star Tribune18d
Minnesota State Mankato to receive $2 million from Nidec Corp.
The Nidec Corp. will provide money over the next five years toward the Maverick Innovation Gateway, a building under construction that will house entrepreneurship and agricultural programming.
Mankato Free Press19d
Nidec pledges $2 million to MSU
MANKATO — Nidec Corp. (Kato Engineering in North Mankato) has pledged $2 million over five years to Minnesota State University for a new Maverick Innovation Gateway and Center for Innovation ...
Digi Times16d
Supermicro partners with Nidec on water cooling CDU to enhance NVL72 cooling efficiency
Japanese company Nidec has announced its collaboration with Supermicro to develop a coolant distribution unit (CDU) for AI ...
Yahoo Finance27d
Nidec Announces the Status of Own Share Repurchase
B) Total number and yen amount of own shares repurchased from May 27, 2024 through November 30, 2024, pursuant to the Board of Directors resolution above: Total number of own shares repurchased: 0 ...