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Deal would be single biggest for precision motors maker M&A activity for cheap companies is heating up in Japan Nidec Corp. is offering ¥257.3 billion ($1.6 billion) to take over machine tool builder ...

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(Bloomberg) -- Nidec Corp. is offering ¥257.3 billion ($1.6 billion) to take over machine tool builder Makino Milling Machine Co., initiating a rare unsolicited takeover of a Japanese company.