Nidec Announces the Results of the Tender Offer for Takisawa Machine Tool Co., Ltd. (Securities Code: 6121)

Rhea-AI Summary

Nidec Corporation (NJDC) Announces Completion of Tender Offer for Takisawa Machine Tool Co., Ltd. Shares

KYOTO, Japan--(BUSINESS WIRE)-- Nidec Corporation (the “Tender Offeror”) decided on September 13, 2023 to acquire, through a tender offer in accordance with the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended, the “Act”) and related laws and regulations (the “Tender Offer”), the common shares (the “Target Company Shares”) issued by Takisawa Machine Tool Co., Ltd. (Securities Code: 6121. The “Target Company”), which are listed on the Standard Market of the Tokyo Stock Exchange, Inc. (the “Tokyo Stock Exchange”), and launched the Tender Offer on September 14, 2023. The Tender Offeror today announced that the Tender Offer had ended on November 13, 2023.

Please see Nidec’s website for more information. https://www.nidec.com/en/corporate/news/2023/news1114-01/

View source version on businesswire.com: https://www.businesswire.com/news/home/20231113350782/en/

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Source: NIDEC CORPORATION

FAQ

What is the latest announcement from Nidec Corporation?

Nidec Corporation has announced the completion of the tender offer for Takisawa Machine Tool Co., Ltd. shares.

When did the Tender Offer end?

The Tender Offer ended on November 13, 2023.

Where can I find more information about the Tender Offer?

More information about the Tender Offer can be found on Nidec's website at https://www.nidec.com/en/corporate/news/2023/news1114-01/.