TOKYO -- Multiple investment funds have submitted takeover bids for Japan's Makino Milling Machine in response to motor manufacturer Nidec's December bid to acquire the company, Nikkei has learned, which could lead to a competition between the bidders for the Tokyo-listed machine tool manufacturer.
Business deals
Investment funds submit takeover bid for Makino, competing with Nidec
Moves could lead to fight for Japanese machine tool manufacturer
According to sources, Makino Milling Machine is fielding multiple takeover bids, following a bid by Nidec in December. (Photo by Satoko Kawasaki)
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