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Japan's Makino Milling Says It Received Buyout Offers Rivalling Nidec's
Notice of receipt of a re-request letter from Makino Milling Machine Co., Ltd. (Securities Code: 6135)
Company Name: Nidec Corporation Sponsored ADR Representative: President and Executive Officer Mitsugu Kishida Exchange: Tokyo Stock Exchange Main Board (6594) Location: 338 Kuze Donjo-cho, Minami-ku, Kyoto City Contact: Corporate Communications Department Head Keita Watanabe Phone: (075) 935-6150 As announced in our announcement of individual stocks dated December 27, 2024, regarding the planned tender offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135),
Makino Urges Nidec to Delay Tender Offer for Thorough Review
Makino: To Consider Nidec's Takeover Offer, Any Other Strategic Options
Makino Milling Machine: Had Meeting With Nidec Executives on Tuesday
ADR trends on the 3rd = In yen conversion, Nidec Corporation Sponsored ADR, Advantest, Nissan, and others are down.
On the 3rd, the ADR (American Depositary Receipt) had a general decline compared to the Tokyo closing price on the same day when converted to yen. In yen terms, Nidec Corporation Sponsored ADR <6594.T>, Advantest <6857.T>, Nissan <7201.T>, Mitsubishi Corporation <8058.T>, and SoftBank Group <9984.T> were lower. Toyota <7203.T>, MUFG <8306.T>, Nomura <8604.T>, Hoya <7741.T>, and Fast Retailing <9983.T> also showed weakness. Provided by Wealth Advisors.
