Japan’s Makino Milling Machine rejects takeover proposal by investor NSSK

Foreign co-investors would have made government approval difficult to obtain Makino machining equipment is used in the manufacture of defense equipment. (Source photos by Nikkei) TOKYO — Japanese machine tool maker Makino Milling Machine has turned down a takeover proposal from a Tokyo-based private equity firm, deeming government approval unlikely with the involvement of foreign co-investors.

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