Dec. 29 at 7:42 AM
$NJDCY $NJ “Nidec Announces Scheduled Commencement of Tender Offer for Makino Milling Machine Co., Ltd.”
Stock titan says “Nidec has announced plans to acquire Makino Milling Machine Co., through a tender offer aimed at making Makino a wholly-owned subsidiary. The tender offer is scheduled to commence on April 4, 2025, with a price of 11,000 yen per share, representing premiums ranging from 41.94% to 74.24% over various trading periods.
The tender offer has no upper limit on shares to be purchased but sets a lower limit of 11,694,400 shares (50.00% ownership). The offer period will be 31 business days. Nidec aims to build a relationship to become 'the world's leading comprehensive machine tool manufacturer' through this transaction.”
More info: https://www.nidec.com/-/media/www-nidec-com/corporate/news/2024/1227-01/241227-01e.pdf?rev=c1649402741d4798b6397525c5b7c57c&sc_lang=en-US