Toyota Industries Buyout Bid Dips 16% Below Its Stock Holdings
Toyota group’s proposed ¥4.7 trillion ($30 billion) offer to privatize a forklift maker has prompted one of the world’s most tenacious activist funds to call it a lowball offer. A...
By Nicholas Takahashi · Bloomberg Markets
Toyota group’s proposed ¥4.7 trillion ($30 billion) offer to privatize a forklift maker has prompted one of the world’s most tenacious activist funds to call it a lowball offer. A closer look at the target’s shareholdings helps explain why.