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Japan's Nidec abandons tender offer for Makino Milling Machine after court ruling

( May 9, 2025, 06:30 GMT | Official Statement) -- MLex Summary: Japanese motor maker Nidec announced that it is withdrawing its unsolicited tender offer to acquire shares in Makino Milling Machine. The decision comes after the Tokyo District Court dismissed Nidec’s petition for an injunction aimed at preventing Makino from allotting share options without contributions. In December, Nidec unveiled an unsolicited takeover plan to purchase the machine-tool maker for 257 million yen (approximately $1.8 billion today). On April 4, the company launched its tender offer. However, after the court rejected its petition to block Makino’s defensive measures on Wednesday, Nidec decided to withdraw the tender offer, effective today. In response, Makino announced today that it will not allot any share options. The statements are attached. ...

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