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Toyota Stock Flat as Elliott Takes Stake in Subsidiary Amid $31B Take-Private Bid Controversy

Toyota Stock Flat as Elliott Takes Stake in Subsidiary Amid $31B Take-Private Bid Controversy

Author:

Global Cryptocurrency

Published:

2025-11-11 15:53:02

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BTCCSquare news:

Toyota Motor Corp.'s shares hovered NEAR the flatline in premarket trading after activist investor Elliott Management disclosed a significant stake in its subsidiary Toyota Industries. The machine-making unit, which produces forklifts and auto parts, now faces scrutiny as Elliott's 3.26% position—revealed in a September 30 filing—collides with Toyota's contentious $31 billion take-private proposal.

Investors have criticized the acquisition plan since its June announcement, citing valuation concerns and transparency gaps. The deal's fate remains uncertain as institutional shareholders question whether Toyota's offer adequately reflects the subsidiary's value in industrial automation and component manufacturing.

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