Toyota Delays Deadline for $35 Billion Deal Opposed by Elliott

The Toyota group extended the tender period for its bid to privatize a key unit, signaling the Japanese conglomerate needs more time to rally shareholder support in the face of...

By Nicholas Takahashi · Bloomberg Markets

The Toyota group extended the tender period for its bid to privatize a key unit, signaling the Japanese conglomerate needs more time to rally shareholder support in the face of an aggressive push by Elliott Investment Management to block the deal.