Makino Milling Requests Changes to Nidec's Unsolicited Bid

Reported about 10 hours ago

Makino Milling, a Japanese machine tool manufacturer, has asked Nidec to amend its unsolicited takeover bid by postponing the tender offer date from April 4 to May 9 and increasing the minimum acceptance threshold from 50% to two-thirds. Nidec had previously announced plans to initiate the offer by early April.

Source: YAHOO

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