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Makino milling machine faces hostile tender offer from Nidek

April 3, 2025 at 12:02 PM UTCBy FilingReader AI

Makino Milling Machine (TSE:6135) announced that it is facing a tender offer from Nidek Co., Ltd., commencing imminently. The offer price is set at JPY 11,000 per share. Makino Milling had previously received a proposal from Nidek in December 2024 for a full acquisition, but also entertained competing proposals from other parties. Makino Milling has publicly stated its disappointment and strong objection to Nidek's decision to proceed, claiming that it violates their prior agreement and impairs shareholders' opportunities for informed decision-making. The company also highlighted that necessary regulatory approvals in China and the United States are still pending, which could potentially impact the completion or timeline of the tender offer. Makino Milling Machine advises its shareholders to act with caution. The company will issue its official opinion on the tender offer in a separate report to the Kanto Local Finance Bureau.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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