Nidec withdraws its $1.8 billion hostile takeover bid for Makino Milling Machine

japantimes.co.jp/business/2025/05/09/companies/nidec-withdrawal-makino

Nidec is withdrawing a ¥257 billion ($1.8 billion) unsolicited tender offer for machine tool maker Makino Milling Machine, bowing to strong resistance from its target.
Makino had previously threatened to block the takeover by granting stock acquisition rights to existing shareholders.…

This story appeared on japantimes.co.jp, 2025-05-09 05:26:00.
The Entire Business World on a Single Page. Free to Use →