US EditionElliott Management Statement on Toyota Industries Corporation
25 Articles
25 Articles
Toyota Industries is considered to be the nucleus of the Group and is to be taken from the stock exchange. To achieve this, the Group now offers the activist investor much more than originally planned.
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Elliott Management Statement on Toyota Industries Corporation
LONDON, March 2, 2026 /PRNewswire/ -- Elliott Investment Management L.P. and Elliott Advisors (UK) Limited ("Elliott"), which advise funds that together have a significant investment in Toyota Industries Corporation ("Toyota Industries" or the "Company") and are the Company's largest independent…
The Japanese group finds an agreement with the activist fund on the valuation of its subsidiary Toyota Industries. By raising its withdrawal offer by almost 10%, the Japanese automotive group values this company, the centrepiece of its reorganization project, no less than $30 billion.
Elliott gives up: After months of power play over Toyota Industries, Paul Singer's hedge fund accepts Toyota's improved 25 billion euro offer and claims the higher price as a success for minority shareholders.
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