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Will Makino Milling's board reject Nidec's bid by June 30, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official statements from Makino Milling, financial news reports
Story
Nidec Initiates $1.6 Billion Unsolicited Takeover of Makino Milling Without Consent, Set for April
Dec 27, 2024, 03:02 AM
Nidec Corp., a Japanese motor manufacturer, has announced a $1.6 billion takeover bid for Makino Milling Machine Co., a major machine tool maker, without the prior consent of Makino's management. The bid, set to commence in April next year, offers 11,000 yen per share, a 41.94% premium over Makino's closing price of 7,750 yen on the previous trading day. If successful, the acquisition would cost over 250 billion yen and aim to make Makino a wholly owned subsidiary of Nidec. Nidec plans to proceed with the takeover even without Makino's agreement, stating intentions to create a world-leading comprehensive machine tool manufacturer through the merger. Makino Milling has indicated that it will review the disclosed information before issuing a statement on the takeover bid.
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No • 50%
Yes • 50%
Propose revised terms • 25%
Pursue legal action • 25%
Abandon acquisition plans • 25%
Seek alternative partnerships • 25%
Other • 25%
Legal Challenge • 25%
Negotiation for Terms • 25%
Abandonment of Deal • 25%
No • 50%
Yes • 50%
Other outcome • 25%
Approved • 25%
Blocked by CFIUS • 25%
Withdrawn by Nippon Steel • 25%
Nippon Steel challenges decision • 25%
U.S. Steel seeks other buyers • 25%
No significant reaction • 25%
Joint statement for reconsideration • 25%
Decision Delayed • 34%
Bid Blocked • 33%
Bid Approved • 33%
Approved without conditions • 25%
Blocked • 25%
Withdrawn by Nippon Steel • 25%
Approved with conditions • 25%
Rejected • 25%
Postponed • 25%
Approved with conditions • 25%
Approved without conditions • 25%