Market Chatter: Investors Demand More Transparency on Toyota's Proposed Buyout of Toyota Industries

MT Newswires Live
Oct 16

A group of investors is urging Toyota Motor (TYO:7203) to provide greater transparency over its chairman's proposed 4.7 trillion yen buyout of Toyota Industries, Bloomberg News reported Thursday, citing a letter sent to the company's board.

The investors said the deal lacks sufficient disclosure, raising concerns about its fairness and its value allocation post takeover, according to the report.

In June, Toyota Motor announced its plan to take Toyota Industries private through a tender offer conducted by a new holding company established by Toyota Fudosan.

In response, Toyota Motor said it has engaged with investors and given due consideration to the interests of minority shareholders, Bloomberg reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10