Japan's Nidec announces $1.6 billion tender offer for Makino Milling Machine
26/12/2024 23:40
TOKYO, Dec 27 (Reuters) - Japan's Nidec Corp 6594.T
announced on Friday it plans to launch a tender offer for Makino
Milling Machine 6135.T , offering 11,000 yen per share.
Nidec said in a statement it intends to spend about 257
billion yen ($1.63 billion) on the acquisition.
($1 = 157.7400 yen)
(Reporting by Rocky Swift; Editing by Chris Reese)
((rocky.swift@thomsonreuters.com;))
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