The latest announcement is out from Makino Milling Machine Co ( (JP:6135) ).
Makino Milling Machine Co., Ltd. announced that it received a petition for a provisional injunction filed by Nidec Corporation against its recent decision to allot share options without contribution. This legal action by Nidec, which holds a negligible ownership stake in Makino, challenges the company’s strategic move to issue share options as part of its takeover response policies, potentially impacting its shareholder relations and strategic planning.
More about Makino Milling Machine Co
Makino Milling Machine Co., Ltd. operates in the manufacturing industry, focusing on the production of milling machines and related equipment. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its precision machinery solutions.
YTD Price Performance: 1.36%
Technical Sentiment Signal: Sell
Current Market Cap: $1.9B
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