Reported 1 day ago
Carlyle Group is currently in discussions with Makino Milling Machine as a potential white knight buyer to fend off Nidec's $1.81 billion hostile takeover offer. The situation escalated with Nidec's tender offer launched on April 4 and Makino's board implementing a 'poison pill' strategy for defense. As the takeover battle intensifies, Carlyle remains cautious, and it is uncertain if they will present a formal bid, amidst evolving M&A dynamics in Japan.
Source: YAHOO