Nidec is withdrawing a ¥257 billion ($1.8 billion) unsolicited tender offer for machine tool maker Makino Milling Machine, bowing to strong resistance from its target. Makino had previously ...

Shares of Makino Milling Machine Co. tumbled as much as 21% on Friday, the most on record, after Nidec Corp. withdrew its unsolicited takeover bid for the Japanese machine tool maker. Nidec ...

Nidec is a global top supplier of brushless DC motors, which have advantages over other types of motors in energy efficiency, silence, and durability. Owing to their efficiency, the majority of ...

TOKYO :Japanese electric motor maker Nidec reported a larger-than-expected quarterly profit on Thursday and forecast a record annual operating profit, although it warned of uncertainty in the ...

HONORED FOR LEADERSHIP: Morgan Silvey, vice president of sales and marketing for HVAC at Nidec Motor Corp., accepts a Leadership Award from Johnstone Supply during the distribution giant's spring ...

ST. LOUIS — Industrial motor manufacturer Nidec Motor Corp. received top honors in Locke Supply Co.’s annual vendor awards. Each year, Locke selects the top vendors in each of its four divisions for ...

"As a leading global motor manufacturer, Nidec is excited to partner with Noveon to ensure we meet the needs of our customers while supporting efforts to develop a robust supply chain for critical ...

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS ...

JAPANESE manufacturing giant Nidec said on Friday (Dec 27) that it planned to launch a tender offer for Makino Milling Machine at a 42 per cent premium to Thursday’s closing share price, with or ...

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

Nidec did not discuss the offer with Makino’s board and plans to proceed even without its approval, provided regulatory conditions are met. The tender offer is scheduled to launch on April 4 ...

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. The Kyoto-based ...