logo
Makino Milling Shares Tumble as Nidec Withdraws Takeover Bid

Makino Milling Shares Tumble as Nidec Withdraws Takeover Bid

Bloomberg09-05-2025

Shares of Makino Milling Machine Co. tumbled as much as 21% on Friday, the most on record, after Nidec Corp. withdrew its unsolicited takeover bid for the Japanese machine tool maker.
Nidec abandoned its ¥257 billion ($1.76 billion) acquisition plan after a Tokyo court rejected its petition to halt Makino's takeover defense measures. Makino's management has resisted Nidec's bid since the world's top maker of mini motors announced a surprise takeover plan in December.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bloomberg Daybreak Asia: Trump Says He'll Set Unilateral Tariffs; China's Biotech Boom
Bloomberg Daybreak Asia: Trump Says He'll Set Unilateral Tariffs; China's Biotech Boom

Bloomberg

time24 minutes ago

  • Bloomberg

Bloomberg Daybreak Asia: Trump Says He'll Set Unilateral Tariffs; China's Biotech Boom

US equity-index futures dipped along with the dollar after President Donald Trump said he will set unilateral tariff rates within two weeks, dialing up trade tensions once again. The comments come a day after Chinese and US officials struck a positive tone following their talks to dial down trade tensions. Amid US talking with countries including India and Japan to lower the levies, some investors see Trump's comments as an effort to ramp up urgency in talks. We talk markets with Zachary Hill, Head of Portfolio Management at Horizon Investments. Plus - China's biotech industry is gaining momentum, with Pfizer and Bristol-Myers Squibb making billion-dollar deals with Chinese companies to license experimental cancer drugs. The industry is expected to continue growing, driven by factors such as US President Donald Trump's economic policies, cheaper and easier human testing in China, and an abundance of young and affordable engineering talent. We check in with Shuli Ren, Bloomberg Opinion Columnist, for a closer look at the sector.

Toho Titanium Shares Jump as JX Metals Mulls Unwinding
Toho Titanium Shares Jump as JX Metals Mulls Unwinding

Bloomberg

timean hour ago

  • Bloomberg

Toho Titanium Shares Jump as JX Metals Mulls Unwinding

Toho Titanium Co. shares surged after parent JX Advanced Metals Corp. said it's considering ways to unwind the listing of the titanium unit as Japan's complex system of subsidiaries comes under scrutiny. JX will take full control of Toho if synergies between the two companies increase, President Yoichi Hayashi said in an interview with Bloomberg News on Wednesday. Shares of Toho jumped as much as 19%, the most since May 2022, while JX shares extended gains after the report.

China Gets First Private Builder Dollar Bond Offering in Years
China Gets First Private Builder Dollar Bond Offering in Years

Bloomberg

timean hour ago

  • Bloomberg

China Gets First Private Builder Dollar Bond Offering in Years

Seazen Group Ltd., one of the few major private-sector Chinese developers yet to default, started marketing a dollar bond that would be the first of its kind in more than two years. Once ranked among China's top 10 developers by contracted sales, the company set the initial price target for the three-year notes in the 13.25% yield to put area, a person familiar with the matter said. If successfully priced, it would be the first privately owned local builder to tap the publicly syndicated US-currency bond market since early 2023. The securities can be called and put after two years.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store