Reported about 21 hours ago
Toyota's Chairman Akio Toyoda has proposed a buyout of Toyota Industries Corp., valued at ¥6 trillion ($42 billion), aiming to strengthen his control over Japan's largest business group amidst a wave of mergers and acquisitions. The proposal, which represents a significant premium over Toyota Industries' market valuation, is under review as the company has formed a special committee and sought advice on its potential. While discussions are ongoing, Toyota has stated that no decisions have been made regarding the buyout or alternative investment strategies.
Source: YAHOO