Makino Milling Machine Co ( (JP:6135) ) just unveiled an announcement.
Makino Milling Machine Co., Ltd. has announced a strategic move to allot First Class A Share Options to its shareholders without contribution as a countermeasure against a tender offer initiated by Nidec Corporation. This decision, made unanimously by the board of directors, aims to secure time for considering third-party proposals and will be subject to shareholder approval at the upcoming general meeting in June 2025. The move reflects Makino’s commitment to safeguarding its interests and ensuring that any large-scale purchase actions align with the company’s long-term strategic goals.
More about Makino Milling Machine Co
Makino Milling Machine Co., Ltd. operates in the manufacturing industry, focusing on the production of milling machines and other precision machinery. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its advanced technology and innovation in machine tools, serving various sectors including automotive, aerospace, and electronics.
YTD Price Performance: 1.36%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.81B
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