Nidec Withdraws $1.8 Billion Hostile Bid for Makino Milling Nidec Corp. is withdrawing a ¥257 billion ($1.8 billion) unsolicited tender offer for machine tool maker Makino Milling Machine Co., bowing to strong resistance from its target. Related Posts:Nidec Secures $3.9 Billion Credit Line, Easing…Nidec Withdraws Full-Year Forecasts, Cancels Buyback…Nidec Shares Sink 22% on Fears of Systematic…Nidec Shares Tumble 19% on Removal From Japan’s Nikkei 225Chinese EV Maker Seres Raises $1.8 Billion in Hong…Meituan Plans Debut Dim Sum Bonds in Up to $1.4 Billion SaleSee also World Watches First Teen Social Media Ban Start in Australia
