US EditionToyota Industries Receives $33 Billion Buyout Offer From Group Companies
- Toyota Industries Corporation's board has received a $33 billion bid led by members of the Toyota Group aimed at taking the company private in 2025.
- The offer follows a plan to resolve the criticized parent-child shareholding by creating a holding company led by Akio Toyoda.
- The transaction involves a tender bid set at 16,300 yen for each share, which is approximately 11% lower than the closing value on June 3, and the total cost is estimated at about 4.7 trillion yen.
- Critics say the offer undervalues Toyota Industries and risks alienating shareholders while Toyota executives emphasize commitment to Japan and governance improvement.
- If completed, the buyout could significantly increase founding family control but may reduce transparency and is one of the largest privatizations on record.
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Toyota Industries slumped as much as 13% Wednesday, after Toyota Group’s reported 4.7 trillion yen ($33 billion) deal to take the company private. That includes a tender offer of $26 billion for shares of Toyota Industries at 16,300 yen apiece, according to Reuters, sharply lower than Tuesday’s close of 18,400 yen. Shares of Toyota Industries slumped as much as 13% Wednesday, after Toyota Group’s reported 4.7 trillion yen ($33 billion) deal to t…
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Toyota Industries slumped as much as 13% Wednesday, after Toyota Group’s reported 4.7 trillion yen ($33 billion) deal to take the company private. That includes a tender offer of $26 billion for shares of Toyota Industries at 16,300 yen apiece, according to Reuters, sharply lower than Tuesday’s close of 18,400 yen. Shares of Toyota Industries slumped as much as 13% Wednesday, after Toyota Group’s reported 4.7 trillion yen ($33 billion) deal to t…
Toyota Industries gets $33bn offer from group cos to take auto firm private, founding family to gain more control—Detail
Toyota Industries Corporation has received a $33 billion offer to go private, involving a tender offer at ¥16,300 per share. A deal could strengthen the founding family's control and align with Japan's efforts to reduce cross-shareholdings among major companies.
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