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Japan's manufacturing giant Nidec targets Makino Milling in $1.6b unsolicited bid

Japan's manufacturing giant Nidec targets Makino Milling in $1.6b unsolicited bid

Photo by Josh Appel on Unsplash

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 country better known for agreed deals.

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