26-03-2025
Makino Milling's Union Says It's Against Any Takeover by Nidec
Makino Milling Machine Co. 's official labor union reiterated its opposition to Nidec Corp. 's $1.6 billion offer to acquire the machine tool maker, arguing that the business sense of any deal was unclear.
Members of the union said in a news conference Wednesday that they remain against a takeover by Kyoto-based Nidec, adding that the maker of precision equipment has failed to allay their concerns about its unsolicited bid initiated in December.
