Japan’s Nidec Offers $1.6 Billion to Buy Out Makino Milling

(Bloomberg) — Nidec Corp. has offered to acquire Makino Milling Machine Co. for about ¥257.3 billion ($1.6 billion), initiating potentially one of its largest takeovers.

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Nidec is offering ¥11,000 per share for the industrial gear supplier, it said in a statement.

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