Japan's Makino Milling requests changes to unsolicited bid from Nidec

Makino Milling Machine

15/01/2025 05:55

TOKYO, Jan 15 (Reuters) - Japanese machine tool
manufacturer Makino Milling Machine  6135.T  said on Wednesday
that it asked Nidec  6594.T  to make changes to an unsolicited
takeover bid announced last month.
    Makino said in a statement it asked Nidec 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, 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. 

 (Reporting by Satoshi Sugiyama, Mariko Katsumura and Rocky
Swift; Editing by Tom Hogue)
 ((rocky.swift@thomsonreuters.com;))