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Nidec Launches Takeover Bid for Makino Milling

Nidec Launches Takeover Bid for Makino Milling

Takamitsu Araki, Nidec's first senior vice president, speaks at a press conference in Tokyo on Friday.
Takamitsu Araki, Nidec's first senior vice president, speaks at a press conference in Tokyo on Friday.

   Tokyo, April 4 (Jiji Press)--Japanese motor manufacturer Nidec Corp. launched a tender offer for machine manufacturer Makino Milling Machine Co. on Friday, despite repeated requests from the target company to postpone the bid.
   It is uncertain whether Nidec's takeover bid can be successfully completed, as Makino Milling has strengthened its negative stance, although it has not expressed opposition.

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AFP-JIJI PRESS NEWS JOURNAL


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