Nidec Withdraws Takeover Bid for Makino Milling
Tokyo, May 8 (Jiji Press)--Japanese motor manufacturer Nidec Corp. said Thursday that it has decided to withdraw its tender offer for Makino Milling Machine Co.
Nidec made the decision in light of the possibility that it would suffer damage if Makino Milling implements a planned takeover defense measure, the free allocation of stock options to existing shareholders.
(2025/05/08-18:33)
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