Nidec Corporation has filed a provisional injunction request with the Tokyo District Court seeking to halt Makino Milling's countermeasure against Nidec's tender offer bid (TOB). Makino Milling implemented a defensive strategy by allocating stock acquisition rights to its shareholders free of charge in response to Nidec's TOB. Nidec's TOB, initiated at the end of the previous year without any prior negotiations, has escalated into a legal dispute. Meanwhile, the U.S. private equity firm Carlyle is reportedly in discussions with Makino Milling about a counterproposal to Nidec's TOB, potentially positioning Carlyle as a white knight bidder. This development is part of broader competitive dynamics in the Japanese merger and acquisition market, with similar contests occurring such as the bidding war between MinnebeaMitsumi and Yageo for Shibaura.
Two hot battles going on in Japanese M&A demonstrating increasing “Western like”market for control outcomes: - Makino Milling/Nidec: Carlyle now apparently a white knight bidder over Nidec - Shibaura/Yageo: MinnebeaMitsumi now white knight/bidding war vs Yageo 🔥🔥🍿🍿 https://t.co/GtTh0evCEx
米カーライル、牧野フライスと対抗案を協議 ニデックのTOBに=関係者 https://t.co/ZtkEnpJ8LI https://t.co/ZtkEnpJ8LI
ニデックTOB対抗策差し止め、司法判断のポイントは? https://t.co/pZ9gIwGmNx