Elliott Challenges Toyota's Privatization, Offers Higher Price

Elliott Investment Management, a prominent activist investor, has acquired a significant stake in Toyota Industries Corporation, challenging the proposed privatization of the company. They argue the offer price is too low, with the stake growing to nearly five percent. The proposed deal, valued at $30.5 billion, is criticized for undervaluing the company and lacking transparency. Toyota Industries, the original company that spawned Toyota Motor, could see one of the largest buyouts ever, potentially strengthening the Toyoda familys control.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.