![]() The Japanese portion of the company expects to announce a settlement of the issue by June. ![]() ![]() Gaining all German shares would cost $1.9 billion. Getting enough stock to cross the 50% mark would cost $633 million, based on the offer. The Japanese side of the company currently owns 24% of the company, and it has made its tender bid for at least 50% of the combined company. Ltd.’s bid for DMG More Seiki AG represents about a 7.5% premium on the German company’s stock price from Wednesday’s close. ![]() Cleveland, Ohio – The Japanese portion of machine tool company DMG Mori Seiki has bid as much as $1.9 billion to take over the German half of the combined company.ĭMG Mori Seiki Co. ![]()
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