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Makino Milling Machine Co.,Ltd. <6135> surges on report of takeover bid by Japanese fund NSSK

Fri Apr 24, 2026 9:33 am JST Catalyst

Makino Milling Machine Co.,Ltd. <6135> rebounded sharply, updating its year-to-date high. The Nikkei newspaper reported on the 24th that "Nippon Sangyo Suishin Kiko (NSSK), a Japanese investment fund, was found on the 23rd to be proposing a takeover of Makino Milling Machine, a major machine tool manufacturer." According to the article, NSSK aims to make Makino Milling Machine a wholly owned subsidiary through a tender offer, and is expected to propose a TOB price exceeding that of Asian fund MBK Partners. It became clear that MBK Partners received a recommendation from the Minister of Finance and the Minister of Economy, Trade and Industry to halt its TOB (tender offer bid) for Makino Milling Machine, and on the 23rd, Makino Milling Machine shares fell sharply as concerns over TOB withdrawal risks were heightened. However, following the report of the takeover proposal by the Japanese fund, buybacks became dominant.

Source: MINKABU PRESS

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

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