MBK Partners plans to acquire all outstanding shares of Makino Milling Machine (TYO:6135) at 11,751 yen apiece through a tender offer, aiming to take the company private by early December, according to a Tokyo bourse filing on Tuesday.
Makino's board has endorsed the offer, recommending shareholders tender their shares.
The deal follows Nidec Corp.'s (TYO:6594) withdrawn 11,000-yen-per-share bid in May after Makino implemented takeover defenses.
MBK has secured 161 billion yen in funding, including loans from major Japanese banks, to finance the acquisition.
Regulatory approvals from Japan, the US, China, and other jurisdictions are pending, with completion expected by late 2025.
The offer requires acceptance from at least two-thirds of shareholders to proceed with the privatization.
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