Here are the key points regarding Nidec’s announcement of a takeover bid (TOB) for TAKISAWA:

– Nidec plans to acquire all shares of TAKISAWA through a TOB, with a total purchase price estimated at approximately 16.6 billion yen.
– The offer price is set at 2,600 yen per share, which includes a premium of about 79.68% over the closing price before the TOB announcement.
– If successful, this acquisition will expand Nidec’s machine tool business significantly as part of its strategic growth since entering the sector in August 2021 by acquiring Mitsubishi Heavy Industries Machine Tool and subsequent acquisitions including OKK and Italy-based PAMA.
– On September 13th, TAKISAWA announced its support for and recommended shareholders accept Nidec’s TOB proposal.