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Another Japan deal playing out in a much more Western/shareholder-friendly way than ever before: Makino Milling $6135.T 🇯🇵 Mid-Dec: serial acquirer Nidec bid hostile, 41% premium to extant px Jan: Makino forms special committee Jan-Mar: SC and Nidec go back and forth, largely in…
Profiled a new one! Almost deep value territory this time. Medikit $7749.JP💉 -Leader in medical consumables -high margin biz -Global opp -Product launches as a catalyst (?) Becoming a med device company (??) -Big share buybacks/cancellations -0.85x P/B Up next:Hikari Tsushin https://t.co/HrPP0vWFD5
Japan's Makino Milling says it received buyout offers rivalling Nidec's https://t.co/6XW70ua9ek https://t.co/KUs4Je2Zok
Makino Milling, a leading Japanese manufacturer, has received multiple buyout offers from investment funds as it faces competition from Nidec, which previously announced a tender offer for the company. Nidec's bid, made in December, included a 41% premium over the stock's existing price. The situation has prompted Makino Milling to evaluate its options, including the proposals from other parties. Reports indicate that the company is considering these new offers seriously, which could lead to a competitive bidding process for control of the firm. The developments are seen as part of a broader trend in Japan where corporate acquisitions are becoming increasingly shareholder-friendly.
