(Bloomberg) -- Nidec Corp. is offering ¥257.3 billion ($1.6 billion) to take over machine tool builder Makino Milling Machine Co., initiating a rare unsolicited takeover of a Japanese company.

Nidec said Thursday that Makino's advantage in the chip-production, aerospace and medical fields will augment the company's strength in industrial machine and other areas. Acquiring Makino will ...

Japanese machine tool manufacturer Makino Milling Machine said on Wednesday that it asked Nidec to make changes to an ...

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Nidec reported a rise in third-quarter net profit, supported by stronger earnings from its precision-motor and machinery businesses as well as foreign-exchange gains.

Japanese manufacturing giant Nidec said on Friday it planned to launch a ¥257 billion ($1.6 billion) bid for Makino Milling Machine, a surprise unsolicited takeover offer in a country better ...

TOKYO, Jan 15 (Reuters) - Japanese machine tool manufacturer Makino Milling Machine (6135.T), opens new tab said on Wednesday that it asked Nidec (6594.T), opens new tab to make changes to an ...

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