Toyota Founding Family Is Biggest Winner in Unit Takeover Battle
For Akio Toyoda, the all-but-certain mega buyout of Toyota Industries Corp. is the ultimate legacy play. It will reshape Japan’s biggest business group, tighten his family’s grip over the Toyota...
By Reed Stevenson, Tsuyoshi Inajima · Bloomberg
For Akio Toyoda, the all-but-certain mega buyout of Toyota Industries Corp. is the ultimate legacy play. It will reshape Japan’s biggest business group, tighten his family’s grip over the Toyota group and end a protracted standoff with an American shareholder activist that tested Japan Inc.’s embrace of corporate governance reform.