Latest news with #MakinoMillingMachine
Nikkei Asia
27-05-2025
- Business
- Nikkei Asia
Asian private equity firm MBK wins first-negotiation rights for Makino
TOKYO -- Asian private equity firm MBK Partners has been granted the right of first refusal in negotiations to purchase Japan's Makino Milling Machine, Nikkei has learned. Multiple funds have shown interest in the Tokyo-listed machine tool manufacturer. Earlier this month, Japan's Nidec withdrew an unsolicited takeover bid after Makino threatened to mount a "poison pill" takeover defense.
Bloomberg
08-05-2025
- Business
- Bloomberg
Nidec Withdraws $1.8 Billion Hostile Bid for Makino Milling
Nidec Corp. withdrew its ¥257 billion ($1.8 billion) unsolicited tender offer for machine tool maker Makino Milling Machine Co. on Thursday in the face of strong opposition and possible defense measures. The acquisitive maker of precision motors was offering ¥11,000 for each Makino Milling share. The tender began despite Makino's requests for a delay until while it weighs offers from other suitors. The target company, which previously threatened to grant stock acquisition rights to existing shareholders to block the takeover, protested the move, calling it 'deeply regrettable.'
Yahoo
10-03-2025
- Business
- Yahoo
Japan's Makino Milling says it received buyout offers rivalling Nidec's
TOKYO (Reuters) - Japan's Makino Milling Machine said on Monday it has received legally binding third-party proposals for acquisition that rival an unsolicited buyout offer from Nidec. The proposals include those from MBK Partners and Nippon Sangyo Suishin Kiko Group (NSSK), a person with direct knowledge told Reuters, declining to be identified because the information is not public. Makino has also asked Nidec to postpone starting its tender offer bid to May 9 or later, the company said in a statement. Japanese manufacturing giant Nidec in December announced plans to launch a 257 billion yen ($1.75 billion) bid for Makino Milling Machine, at a 42% premium at the time. It has said it planned to launch the tender offer on April 4, even without Makino's consent. In a statement, Nidec said it would review Makino Milling's request and respond. ($1 = 147.1600 yen) Sign in to access your portfolio
Reuters
10-03-2025
- Business
- Reuters
Japan's Makino Milling says it received buyout offers rivalling Nidec's
TOKYO, March 10 (Reuters) - Japan's Makino Milling Machine (6135.T), opens new tab said on Monday it has received legally binding third-party proposals for acquisition that rival an unsolicited buyout offer from Nidec (6594.T), opens new tab. The proposals include those from MBK Partners and Nippon Sangyo Suishin Kiko Group (NSSK), a person with direct knowledge told Reuters, declining to be identified because the information is not public. Makino has also asked Nidec to postpone starting its tender offer bid to May 9 or later, the company said in a statement. Japanese manufacturing giant Nidec in December announced plans to launch a 257 billion yen ($1.75 billion) bid for Makino Milling Machine, at a 42% premium at the time. It has said it planned to launch the tender offer on April 4, even without Makino's consent. In a statement, Nidec said it would review Makino Milling's request and respond. ($1 = 147.1600 yen)
