financetom
Business
financetom
/
Business
/
Japan's Makino Milling requests changes to unsolicited bid from Nidec
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Makino Milling requests changes to unsolicited bid from Nidec
Jan 14, 2025 10:28 PM

TOKYO (Reuters) - Japanese machine tool manufacturer Makino Milling Machine ( MKMLF ) said on Wednesday that it asked Nidec ( NNDNF ) to make changes to an unsolicited takeover bid announced last month.

Makino said in a statement it asked Nidec ( NNDNF ) to push back the tender offer launch date to May 9 from April 4, and to revise the minimum takeover threshold to two-thirds from one-half.

Nidec ( NNDNF ), the world's top manufacturer of precision motors, had said on Dec. 27 it plans to clear regulatory processes by early April and launch the tender offer on April 4.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cineplex September Box Office Tops Same Month Last Year by 3%
Cineplex September Box Office Tops Same Month Last Year by 3%
Oct 10, 2024
08:28 AM EDT, 10/10/2024 (MT Newswires) -- Cineplex ( CPXGF ) , a Canada entertainment and media company, on Thursday reported box office revenue of $35.2 million for September, exceeding the same month last year by 3%. Cineplex ( CPXGF ) outperformed the North American box office relative to 2019 by nearly 4% despite a tough comparison, as September 2019...
Market Chatter: GXO Logistics Exploring Potential Sale
Market Chatter: GXO Logistics Exploring Potential Sale
Oct 10, 2024
08:27 AM EDT, 10/10/2024 (MT Newswires) -- GXO Logistics ( GXO ) is working with financial advisers to explore a potential sale, Bloomberg reported Thursday, citing people familiar with the matter. GXO started to review options after potential buyers expressed interest in the company, the report said, citing one of the people. No final decision has been reached and the...
Immatics Says ACTengine IMA203 Shows 54% Objective Response Rate in Updated Melanoma Trial Data
Immatics Says ACTengine IMA203 Shows 54% Objective Response Rate in Updated Melanoma Trial Data
Oct 10, 2024
08:27 AM EDT, 10/10/2024 (MT Newswires) -- Immatics ( IMTX ) said Thursday that its ACTengine IMA203 TCR-T therapy demonstrated a 54% confirmed objective response rate in metastatic melanoma patients in an updated phase 1b trial. The clinical-stage company said the data also showed a median progression-free survival of six months, with a subgroup of patients seeing over 50% tumor...
Brixton Metals Reports Drill Results from Trapper Target within Thorn Project in British Columbia
Brixton Metals Reports Drill Results from Trapper Target within Thorn Project in British Columbia
Oct 10, 2024
08:29 AM EDT, 10/10/2024 (MT Newswires) -- Brixton Metals ( BBBXF ) reported Thursday the first batch of 2024 drill results from the Trapper gold target within its Thorn project in Northwest British Columbia. Highlights include 41.00 meters of 1.08 grams per tonne (g/t) gold, including 6.00 meters of 4.19 g/t gold all within 254.00 meters of 0.48 g/t gold....
Copyright 2023-2026 - www.financetom.com All Rights Reserved