Makino Milling Machine (6135 JP): Nidec Launches Its Offer
Despite the launch, Nidec’s offer at current terms has a low chance of success, necessitating revised terms. There remains a medium-to-high...
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Makino Milling Machine (6135 JP): Proposes Countermeasures
The Board proposes countermeasures to get Nidec to delay the start but is more likely to facilitate a competing offer. The probability of a bidding...
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Makino Milling Machine (6135 JP): A White Knight Bidder Is Emerging
My analysis suggests that a white knight bid could be as high as JPY13,284, 20.8% higher than Nidec’s JPY11,000 offer and 10.2% higher than the...
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Makino Milling Machine (6135 JP): State of Play
The Board has launched an ambitious MTM plan to thwart the offer and hinted at potential competing offers. Nidec’s offer increasingly needs a bump.
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(Mostly) Asia M&A: April 2020 Roundup
For the month of April, just six new deals were discussed on Smartkarma with an overall announced deal size of ~US$9.4bn. Clicking on the...
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