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Toyota Motor Boosts Buyout Offer for Toyota Industries, Elliott Backs Deal

Toyota Motor Boosts Buyout Offer for Toyota Industries, Elliott Backs Deal

Author:

Global Cryptocurrency

Published:

2026-03-02 11:46:03

18

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BTCCSquare news:

Toyota Motor has increased its tender offer for Toyota Industries to ¥20,600 per share, up from ¥18,800, valuing the deal at approximately $40 billion. Activist investor Elliott Investment Management, holding a 7.1% stake, agreed to tender its shares under the revised terms, ending months of negotiations.

The deadline for the tender offer has been extended to March 16, giving shareholders additional time to respond. Toyota's initial offer of ¥16,300 per share in June was criticized by Elliott as undervaluing the subsidiary. The revised bid reflects a compromise between the automaker and its influential investor.

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