Japan's NSSK raises offer price for Makino Milling Machine, Nikkei says

Makino Milling Machine Co

Yesterday 08:46

    TOKYO, June 24 (Reuters) - The Japanese fund Nippon Sangyo Suishin Kiko (NSSK) has resubmitted its bid to take Makino Milling Machine 6135.T private, raising the offer price to around 16,000 yen ($98.96) per share, the Nikkei newspaper reported on Wednesday.
The reported price tag would value Makino, a machine-tools maker, at a more than 10% premium to its Wednesday closing price of 14,310 yen.
In April, Asian private equity fund MBK Partners withdrew its bid for Makino after the Japanese government asked it to halt the takeover, citing national security concerns.

($1 = 161.6800 yen)

 (Reporting by Kantaro Komiya; Editing by Christian Schmollinger)
 ((kantaro.komiya@thomsonreuters.com; X: @kantarokomiya;))