TSE:7203Auto
Toyota Lifts Offer For Toyota Industries And Tightens Control Over Supplier
Toyota Motor has raised its offer to acquire all remaining shares in Toyota Industries Corporation, aiming to take the affiliate private.
The higher bid follows a prolonged stand off with key investors and seeks to resolve tensions with activist shareholders.
Bringing Toyota Industries fully in house would consolidate control over a core supplier of components and vehicles within the Toyota group.
Toyota Motor, traded as TSE:7203, is making this move with its shares at ¥3,481.0. The company...