US EditionToyota considers investing in potential US$42 billion buyout of key supplier
- Toyota is considering investing in a potential buyout of Toyota Industries for around 6 trillion yen as reported by Bloomberg News.
- The Nikkei index rose by 0.5% to 35,887.89, buoyed by strong performances in the auto sector after Toyota's announcement.
- President Donald Trump mentioned that a tariff agreement with Tokyo is very close, encouraging positive sentiment in the markets.
- Transport equipment stocks increased by 4.3%, with shares of Toyota Industries experiencing excess demand and being poised to surge by 23% by market close.
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Toyota founding family mulls buyout of Toyota Industries
The founding family of the Toyota Motor Corp group has made a takeover proposal to affiliate Toyota Industries Corp whose market capitalization exceeds 4 trillion yen, sources close to the matter said. The members of the family including Toyota Motor Chairman Akio Toyoda are proposing to purchase Toyota Industries shares…
·Sakado, Japan
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Toyota Industries shares set to surge on potential deal
Shares of Toyota Industries were set for their biggest daily jump on record today after Japanese car maker Toyota said it was considering a potential buyout of the key parts supplier, which has a market value of 4 trillion yen ($28 billion).
·Ireland
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Coverage Details
Total News Sources40
Leaning Left3Leaning Right5Center8Last UpdatedBias Distribution50% Center
Bias Distribution
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50% Center
L 19%
C 50%
R 31%
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