MBK Partners, an Asian investment fund, announced on Tuesday that it will launch a tender offer for Makino Milling Machine Co. The offer price is set at 11,751 yen per share. The tender offer is expected to take place by early December. MBK aims to gain full control of the Japanese machine tool manufacturer.
Makino Milling Machine has accepted the offer from MBK Partners. The company has recommended that all shareholders participate in the tender offer and sell their shares.
In December 2024, Japanese motor maker Nidec Corp. made an unsolicited bid to buy Makino at 11,000 yen per share. However, Nidec withdrew its tender offer in early May after Makino introduced measures to defend against the takeover.
Last month, MBK Partners submitted a binding takeover proposal to Makino. Makino had been seeking a friendly buyer, often called a “white knight,” to support the company.
