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Nidec is withdrawing a $1.8 billion unsolicited tender offer for machine tool maker Makino Milling Machine, bowing to strong resistance from its target.

May 9, 2025, 1:50 PM

Record data

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  "value": {
    "text": "Nidec is withdrawing a $1.8 billion unsolicited tender offer for machine tool maker Makino Milling Machine, bowing to strong resistance from its target.",
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        "title": "Nidec withdraws its $1.8 billion hostile takeover bid for Makino Milling Machine",
        "description": "Makino had previously threatened to block the takeover by granting stock acquisition rights to existing shareholders."
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    "createdAt": "2025-05-09T13:50:48.463Z"
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