Elliott Repeats Call to Resist Toyota Bid to Buy Out Key Unit, Touts Standalone Plan
Elliott Investment Management repeated its call for investors to reject the Toyota group’s bid to buy out a key unit, arguing this month’s sweetened offer still “substantially undervalues” the company...
By Nicholas Takahashi · Bloomberg Markets
Elliott Investment Management repeated its call for investors to reject the Toyota group’s bid to buy out a key unit, arguing this month’s sweetened offer still “substantially undervalues” the company and that it can achieve greater value on its own.