From Yahoo Finance: 2025-06-11 06:37:00

Shareholders of Toyota Industries reject a $33bn buyout offer from Toyota Motor, saying it undervalues the company and favors the Toyoda family. Critics, including Zennor Asset Management, disapprove of the deal, which aims to privatize Toyota Industries at Y16,300 per share, potentially increasing family control. Executives face backlash over concerns of undervaluation and dominance. Toyota defends the acquisition as a move towards deeper collaboration in the transition to a “mobility company.” The deal involves creating a new holding entity with investments from Toyota Fudosan and Akio Toyoda, the founder’s grandson. Oasis seeks a higher offer price, pointing to undervalued real estate assets worth 1.5tn yen. Despite criticisms, the deal is anticipated to proceed, with Toyota Group companies owning 39% of Toyota Industries.



Read more at Yahoo Finance: Toyota Industries’ $33bn deal faces shareholder criticism