Worth reading
80Important
Scored from 2 of 5 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
This tender offerCounterpartyMMホールディングス株式会社
Disclosing companyMakino Milling Machine Co.,Ltd.
TimelineThe spacing between the points is proportional to the actual number of days.
Procedures and assumptions
Conditions Precedent to ExecutionCompletion of the procedures and other actions required for the necessary approvals and authorizations under domestic and foreign competition laws, investment regulations and other applicable laws and regulations (this clearance), among other conditions
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Counterparty name | MMホールディングス株式会社 |
| Name of the Subject Company | 株式会社牧野フライス製作所 |
| Number of shares acquired | All of the target company’s common shares, excluding treasury shares held by the target company, are expected to be acquired. Number of shares and voting rights: Not disclosed |
| Contract Date | 3 June 2025 |
| Execution Date / Effective Date | Expected to commence in late June 2026 |
| Conditions Precedent to Execution | Completion of the procedures and other actions required for the necessary approvals and authorizations under domestic and foreign competition laws, investment regulations and other applicable laws and regulations (this clearance), among other conditions |
Items this document does not state (25)
Business Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceDate of board resolutionValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The authorities’ review of the clearance required under Japanese investment regulations is ongoing, and the clearance process has not yet been completed.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.