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Toyota Industries Receives Privatization Offer at 16,300 Yen per Share
2 week ago /
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Author：小编
Toyota Industries has announced the receipt of a privatization proposal that entails acquiring its shares at 16,300 yen per share, marking an 11% discount from Tuesday's closing price. Should this deal materialize, it would significantly bolster the founding family's grip over Japan's largest business conglomerate. Toyota Industries, a pivotal supplier to Toyota Motor, specializes in providing textiles, forklifts, components, and other essential items. This privatization initiative, spearheaded by Toyota Motor Chairman Akio Toyoda, is set to be executed through a newly established holding company, with a potential transaction value reaching $42 billion.
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