Makino milling machine receives legally binding buyout proposal

Makino Milling Machine (TSE:6135) announced today that it has received a legally binding buyout proposal from MBK Partners. This development follows Nidec Corporation's withdrawal of its tender offer for Makino's shares. Makino stated that this proposal is the only one received with legal binding. The company aims to address uncertainty impacting its business after Nidec's initial tender offer announcement on December 27, 2024. Makino's management believes that reaching a final agreement with MBK Partners is desirable to mitigate potential adverse effects on its corporate value. While negotiations are ongoing, Makino cautioned that the outcome remains uncertain and will make further announcements when appropriate.