Makino Milling Machine faces injunction against stock rights allotment

Makino Milling Machine (TSE:6135) announced today that NIDEK Co., Ltd. has filed a petition for a provisional injunction to halt the company's planned gratis allotment of stock acquisition rights, decided on April 10, 2025. NIDEK, holding a mere 100 shares of Makino (approximately 0.00%), claims the allotment aims to thwart its previously announced tender offer. Makino Milling Machine contends that the allotment is a legitimate measure to secure time for evaluating third-party proposals following the NIDEK's public announcement of a tender offer on March 19, 2025. Makino maintains the allotment is lawful and has stated it will disclose further developments in a timely manner. The legal venue is speculated to be the Tokyo District Court.