Toshiba Machine Co., Ltd. (TSE:6104) said on January 17, 2020 a fund backed by Yoshiaki Murakami planned a takeover bid for the former Toshiba Corporation (TSE:6502) subsidiary. Office Support Co. Ltd., plans to launch a tender offer for Toshiba Machine, according to the molding machine maker. Toshiba Machine said in a statement that the planned takeover could potentially disturb the company’s effort to maximize its corporate value and the interest of other shareholders. Office Support and other related funds currently hold a combined 11.49% of Toshiba Machine’s total voting rights, Toshiba Machine said.