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Makino Milling Machine Co.,Ltd. plunges after government recommends MBK halt TOB

Thu Apr 23, 2026 9:49 am JST Catalyst

MAKINO MILLING MACHINE CO., LTD. <6135> plunged after the Ministry of Finance and the Ministry of Economy, Trade and Industry recommended that a tender offer for the company be halted. Ahead of the market open on April 23, authorities issued the recommendation regarding the bid by Asian private equity firm MBK Partners to take the company private at 11,751 yen per share. The acquisition of MAKINO, a manufacturer of high-performance machine tools with significant military application potential, was deemed to fall under "inward direct investment related to national security" under the Foreign Exchange and Foreign Trade Act. MBK Partners stated it "received the recommendation with surprise" and is weighing its options. The market is pricing in the heightened risk that the tender offer will be withdrawn. MBK Partners must notify the ministries by May 1 whether it will comply with the recommendation.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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