Makino Milling Machine (6135 JP): FEFTA Approval Rears Its Head Again as NSSK’s Offer Is Declined
Due to a significant re-rating of peers/index and Makino’s upgraded FY2029 targets since the undisturbed date, the share price fall on a deal break...
131 Views
Makino Milling Machine (6135 JP): NSSK’s Rumoured Revised Offer Around JPY16,000
An NSSK offer around the rumoured JPY16,000 is justifiable. The Board would likely be supportive despite the alternative of implementing its...
232 Views
The Week That Was in NorthAsia@Smartkarma: Rights Offering, Kosmetics, Gaming & Samsung
As usual, we weren't short of interesting Japan/Korea stories last week. Hyundai Heavy Group issued a massive right offering, and also Toshiba-WD...
411 Views
Makino Milling Machine (6135 JP): A Rollercoaster Ride as NSSK Rumoured to Launch a Competing Bid
While the NSSK offer will be preconditional on regulatory approvals, it will not require FEFTA approval. I estimate the NSSK potential offer to be...
566 Views
Makino Milling Machine (6135 JP): Precedent Set as FEFTA Approval Is Rumoured to Be Not Forthcoming
FEFTA-related deal break is rare. Due to a significant re-rating of peers/index and upgraded forecasts since the offer announcement, the share...
591 Views