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Nidec, Makino and Milling Machine
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.
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 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.
Nidec Offers $1.6 Billion for Makino in Rare Unsolicited Bid
Nidec Corp. is offering ¥257.3 billion ($1.6 billion) to take over industrial gear supplier Makino Milling Machine Co., initiating a rare unsolicited takeover of a Japanese company.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Kyoto-based maker of precision and automotive motors said it’s offering ¥11,
Japan's Nidek to offer takeover bid for machinary company 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.
Nidec announces $1.6bln unsolicited bid for Makino Milling
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 targets Makino Milling in $1.6 billion unsolicited bid
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.
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.
4h
Japan’s Nikkei settles at 5-month closing high on optimism for corporate growth
TOKYO, Dec 27 (Reuters) - Japan's Nikkei share average ended at a five-month closing high on Friday, as investors bet on ...
Business Recorder
5h
Japan’s Nikkei hits two-week high, Toyota rises for third day
TOKYO: Japan’s Nikkei share average rose to a two-week high on Friday as a weak yen lifted exporters, with Toyota Motor ...
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