Press release -
Notice regarding a Meeting Held with the Management and Special Committee of Makino Milling Machine Co., Ltd. (Securities Code: 6135)
As explained in the press release, “Notice Regarding Scheduled Commencement of Tender Offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135),” dated December 27, 2024, Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec” or the “Company”), as part of a series of transactions (the “Transaction”) for the purpose of making Makino Milling Machine Co., Ltd. (listed on Tokyo Stock Exchange Inc.’s Prime Market) (the “Target Company”) a wholly owned subsidiary of the Company, decided to acquire the shares of common stock of the Target Company through a tender offer, and on the same day submitted to it a letter of intent regarding the Transaction.
In relation to the aforementioned events, after being informed on February 21, 2025 that the Target Company would accept a meeting that Nidec had requested, the Company had the meeting with the members of the Target Company’s management and the special committee today.
Nidec remains committed to having meetings with the Target Company’s management and the special committee constantly and more frequently to obtain their understanding for the Company’s proposal on the Transaction via dialogues.
Topics
Categories
Nidec is the world's leading comprehensive motor manufacturer, specializing in "everything that spins and moves," with a strong focus on the motor business. Nidec's extensive product lineup, which ranges from small precision motors to ultra-large motors, leverages the technological capabilities of its approximately 340 group companies across 46 countries. These products are used in various fields, including IT equipment, automobiles, motorcycles, commerce, and industry. We remain dedicated to providing the world with indispensable products and solutions at an overwhelming speed, utilizing technologies aimed at lightness, thinness, shortness, compactness, and efficiency.
