Nidec Reports on the Progress After the Release of Nidec's Letter of Intent and on Nidec's Opinion

Rhea-AI Summary

Nidec (TOKYO: 6594, OTC US: NJDCY) has issued an update regarding its previously announced letter of intent from December 27, 2024, concerning the planned tender offer for Makino Milling Machine Co., (Securities Code: 6135). The company held a press conference on February 26, 2025, to discuss the matter.

KYOTO, Japan--(BUSINESS WIRE)-- Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) (“Nidec”) reports on the progress after its release of the letter of intent dated December 27, 2024 in the press release titled "Notice Regarding Scheduled Commencement of Tender Offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135)," and on Nidec's current opinion regarding this matter.

Full version of this press release: https://www.nidec.com/en/corporate/news/2025/news0225-01/
Presentation for press conference on 26 February: https://www.nidec.com/en/corporate/news/2025/news0226-01/

View source version on businesswire.com: https://www.businesswire.com/news/home/20250227189226/en/

Teruaki Urago

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Source: Nidec Corporation

FAQ

What is the status of Nidec's (NJDCY) tender offer for Makino Milling Machine?

Nidec has provided an update on its letter of intent from December 27, 2024, regarding the planned tender offer for Makino Milling Machine.

When did Nidec (NJDCY) announce its intention to acquire Makino Milling Machine?

Nidec announced its intention through a letter of intent dated December 27, 2024.

What was discussed in Nidec's (NJDCY) February 26, 2025 press conference?

The press conference addressed the progress of Nidec's planned tender offer for Makino Milling Machine.

Which company is Nidec (NJDCY) attempting to acquire through tender offer?

Nidec is attempting to acquire Makino Milling Machine Co., (Securities Code: 6135).